Lakeville, MN Housing Market 2026: What Homes Actually Sell For
What homes actually sell for in Lakeville: a median closing price of $519,900 across 595 closings Resideline tracked over the last six months, plus the full price spread.
If you invest in or around Lakeville, the number that matters is what homes actually close for, not what sellers are asking. Here is what Lakeville sale prices look like right now, built from the closings Resideline tracked over the last six months, as of August 2026.
The snapshot
- •Closings tracked, last 6 months: 595
- •Median sold price, last 6 months: $519,900
- •Median sold $/sqft, last 6 months: $190
- •Middle half of sales closed between: $406,900 and $627,000
What the numbers say
Resideline tracked 595 closed sales in Lakeville over the last six months, with a median closing price of $519,900. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $406,900 and $627,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 592 closings with usable living area, the middle half sold between $165 and $210 per square foot.
Figures last updated August 22, 2026 from closings Resideline tracked.
Median home price in Lakeville, MN (August 2026)
The median home price in Lakeville is $519,900, measured across the 595 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $406,900 and $627,000.
Where Lakeville sale prices land
Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Lakeville over the last six months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $406,900 and $627,000. Where your target property sits inside that spread matters more than the citywide median.
How long a sale takes here
- •Listed to under contract: a median of 25 days, across 490 Lakeville closings Resideline tracked in the last six months
- •Contract to closing: a median of 32 days, across 498 Lakeville closings Resideline tracked in the last six months
The Lakeville angle
Lakeville is a market where the median does real work. Across the 595 closings Resideline tracked over the last six months, the median closed sale price was $519,900, and the middle half of sales closed between $406,900 and $627,000, a quartile spread tighter than most markets we track.
From market read to offer price
A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.
And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 12,516+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.
Run any Lakeville address through Resideline and you will see the local market and the property's value together, in one report.
Cite this
Using these numbers? Please cite the source and the sample size:
Source: Resideline Market Watch
Market: Lakeville, MN
Data updated: August 2026
Analysis period: last six months
Tracked closings: 595
Median sold price: $519,900
Median sold $/sqft: $190 (592 qualifying)
https://resideline.com/blog/lakeville-mn-housing-market
The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.
Every local market figure on this page is computed from closed sales Resideline tracked in Lakeville over the last six months, and is refreshed when the data is.
Frequently Asked Questions
What is the median home price in Lakeville?
The median sold price in Lakeville over the last 6 months is $519,900, measured across 595 closings Resideline tracked.
How many homes sold in Lakeville last month?
Resideline tracked 95 closed sales in Lakeville in July 2026, out of 595 closings tracked over the last six months. These are tracked samples of market activity, not official county totals.
What is the typical sale price range in Lakeville?
The middle half of Lakeville sales over the last six months closed between $406,900 and $627,000, with a median of $519,900.
What is the typical price per square foot in Lakeville?
Among qualifying Lakeville closings Resideline tracked over the last six months, the median sold price per square foot was $190, measured across 592 sales with usable living area. Median is used rather than average because outliers distort the mean.
What does a tighter than usual band change about pricing in Lakeville?
It raises the cost of assuming your property is exceptional. When the middle half of tracked closings sits between $406,900 and $627,000, most properties really do price near $519,900, so a materially different number needs to be defended with matched sales rather than asserted. Use the depth of the 595 closings Resideline tracked to find those matches, and pay particular attention to the low side, where the range runs a little further from the centre.
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