Comprehensive market data and analysis• Updated Dec 2025
12.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 4 | 7 | 8 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 4 | 8 | 13 |
Acreage buckets
The median price for land in Lakeville, Minnesota is currently $1.1M per acre. For a typical parcel, the median sale price is $275K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $131K while premium lots reached $859K.
Lakeville, Minnesota is currently a strong buyer's market with 12.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lakeville, Minnesota currently has 12.8 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 17 active listings in Lakeville, Minnesota. 2 new listings have hit the market in the last 90 days. The median asking price is $255K.
The current absorption rate in Lakeville, Minnesota is 7.8% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Results.
Land in Lakeville, Minnesota typically sells within 67 days of listing. The median time on market is 86 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Lakeville, Minnesota stands at $275K. This translates to roughly $1.1M per acre for the typical parcel size. The average price is $459K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
