Comprehensive market data and analysis• Updated Oct 2026
27.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 3 | 9 | 9 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 2 | 5 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 14 | 18 |
Acreage buckets
The median price for land in Prior Lake, Minnesota is currently $276K per acre. For a typical parcel, the median sale price is $256K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $135K while premium lots reached $1.6M.
Prior Lake, Minnesota is currently a strong buyer's market with 27.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Prior Lake, Minnesota currently has 27.6 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 46 active listings in Prior Lake, Minnesota. 24 new listings have hit the market in the last 90 days. The median asking price is $380K.
The 3-month absorption rate in Prior Lake, Minnesota is 3.6%. The 12-month rate is 3.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Prior Lake, Minnesota typically sells within 88 days of listing. The median time on market is 60 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Prior Lake, Minnesota saw 18 properties sold, totaling $20.5M in sales volume. In just the last 3 months, 5 properties changed hands.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Prior Lake on LandyDandy.
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