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Prior Lake, MN 55372 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Prior Lake, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.00
ActiveActive listings: 4646PendingPending sales: 00
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): $807k$807kSoldMedian sold price (last 6 months): $555k$555k
What homes actually sell for in Prior Lake, MN
Distribution of 296 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $378k to $770k
$225k to $388k: 66 sales$225k$388k to $551k: 68 sales68sales$551k to $714k: 61 sales$551k$714k to $876k: 34 sales$876k to $1.04M: 15 sales$876k$1.04M to $1.2M: 12 sales$1.2M to $1.37M: 8 sales$1.2M$1.37M to $1.53M: 3 salesMedian $555k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 0 pending sales in ZIP code 55372. That pending-to-active ratio of 0.00 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $807,000, while the median of the 296 closed sales Resideline tracked over the last six months was $555,000. 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 86 days.

Frequently asked questions

What is the median home price in 55372?

The median closed sale price in Prior Lake, MN 55372 was $555,000 over the last six months, based on 296 closed sales tracked by Resideline. The middle half of those sales ranged from $377,500 to $770,000.

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

Resideline is currently tracking 0 pending sales against 46 active listings in 55372, a pending-to-active ratio of 0.00. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 55372 is currently a slower-moving market.

Nearby ZIP code market data

Full Prior Lake, MN housing market report →

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