Is Prior Lake, MN 55372 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Prior Lake is a seller’s market. With about 2.6 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.6Under 4 months = seller’s market

Sold above original list26.8%Share of sales, last 3 months

Median sale-to-list99.4%Sold price ÷ list price

Median days on market25Listing to accepted offer

Median price per sq ft$206▼ −1.0% vs. last year

Run the numbers for 55372

Prefilled for 55372Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55372Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belle Plaine 56011Seller’s market $175 /sq ft Elko New Market 55020Balanced $211 /sq ft Elko New Market 55054Seller’s market $196 /sq ft Jordan 55352Seller’s market $200 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology