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City / Town Overview

Lakeville, MN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Lakeville, MN real estate market currently shows 302 active listings, with 114 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 55 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 44 days last year.

The median listing price has risen 0.1% year-over-year, from $605,175 to $605,858.

Whether you are buying or selling in Lakeville, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 61,134  ·  Density: 361.7/mi²  ·  Median household income: $133,085

Typical home value: $433,807  ·  Homeownership: 87.3%

Included Areas

Lakeville: 55044

Area Map

Market Overview

Active Listings
302
⇧ 22.3% vs 247 last year
Pending
114
38% pending ratio
Median Price
$605,858
⇧ 0.1% vs $605,175 last year
Average Price
$658,750
⇧ 0.7% vs $654,468 last year
Days on Market
55
⇧ 25% vs 44 days last year

Price Per Square Foot

Median $/sqft
$221
⇧ 1.4% vs $218/sqft last year
Median Home Size
2,692 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %