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LAKEVILLE, MN 55044

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKEVILLE, MN real estate market (55044) 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%

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

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 302 this year vs 247 last year
  • Days on market: 55 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $605,858 (+0.1% YoY)
  • Average: $658,750 (+0.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.5 miles — 778 listings ($434,616,211 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55044Lakeville, MN 550440.0 mi260$164,129,940$599,265$631,269
55306Burnsville, MN 553066.2 mi28$11,502,708$385,000$410,811
55372Prior Lake, MN 553727.0 mi99$97,086,825$775,000$980,675
55124Saint Paul, MN 551248.2 mi95$36,264,445$297,500$381,731
55337Burnsville, MN 553379.3 mi82$24,152,198$270,000$294,539
55122Saint Paul, MN 5512211.9 mi46$15,641,978$315,000$340,043
55057Northfield, MN 5505712.6 mi74$46,102,592$437,500$623,008
55437Minneapolis, MN 5543713.0 mi24$7,576,104$320,000$315,671
55420Minneapolis, MN 5542013.4 mi25$7,971,300$339,900$318,852
55425Minneapolis, MN 5542514.0 mi15$3,957,810$319,000$263,854
55065Randolph, MN 5506514.4 mi3$1,499,799$499,900$499,933
55352Jordan, MN 5535215.2 mi26$18,281,562$547,611$703,137
55031Hampton, MN 5503115.5 mi1$448,950$448,950$448,950

Frequently Asked Questions

How many homes are for sale in LAKEVILLE, MN 55044?

As of February 2026, there are 302 active listings in LAKEVILLE, MN (zip code 55044), compared to 247 the prior year.

What is the median home price in LAKEVILLE, MN 55044?

The median listing price in LAKEVILLE, MN 55044 is $605,858 as of February 2026, a 0.1% increase from $605,175 the prior year.

How long do homes stay on the market in LAKEVILLE, MN?

Homes in LAKEVILLE, MN 55044 spend an average of 55 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in LAKEVILLE, MN 55044?

Based on current inventory and days-on-market data as of February 2026, LAKEVILLE, MN 55044 is currently a Buyer's Market. 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.

How much can I save on real estate commission in LAKEVILLE, MN?

With SELL123.com's maximum 3% commission, sellers in LAKEVILLE, MN 55044 save an estimated $12,117 compared to a typical 5% commission on the median listing price of $605,858. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.