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Prior Lake, MN 55372 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Prior Lake, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.02
ActiveActive listings: 4949PendingPending sales: 11
Prior Lake, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $799k$799kSoldMedian sold price (last 6 months): $530k$530k
What homes actually sell for in Prior Lake, MN
Distribution of 307 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $378k to $750k
$233k to $383k: 64 sales$233k$383k to $532k: 75 sales75sales$532k to $682k: 59 sales$532k$682k to $832k: 28 sales$832k to $981k: 22 sales$832k$981k to $1.13M: 13 sales$1.13M to $1.28M: 6 sales$1.13M$1.28M to $1.43M: 9 salesMedian $530k

What the numbers say

As of October 5, 2026, Resideline is tracking 49 active listings and 1 pending sales in ZIP code 55372. That pending-to-active ratio of 0.02 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $799,000, while the median of the 307 closed sales Resideline tracked over the last six months was $530,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55372 for 65 days.

Frequently asked questions

What is the median home price in 55372?

The median closed sale price in Prior Lake, MN 55372 was $530,000 over the last six months, based on 307 closed sales tracked by Resideline. The middle half of those sales ranged from $377,500 to $750,000.

Is 55372 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 49 active listings in 55372, a pending-to-active ratio of 0.02. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55372 currently looks like a balanced market.

Nearby ZIP code market data

Full Prior Lake, MN housing market report →

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