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Minnesota State Wire

Thursday, September 11, 2025

Lakeville home prices rise in April 2018

Re 3

The median sale price of a home sold in April 2018 in Lakeville rose by $30,089 while total sales increased by 6%, according to BlockShopper.com.

In April 2018, there were 89 homes sold, with a median sale price of $304,100 - a 11% increase over the $274,011 median sale price for the same period of the previous year. There were 84 homes sold in Lakeville in April 2017.

The median sales tax in Lakeville for the most recent year with available data, 2014, was $2,779, approximately 0.9% of the median home sale price for April 2018.

The following table compares Lakeville to other Dakota County cities with similar median sales prices in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Randolph110%$850,000$370,000129.7%
Mendota Heights17988.9%$489,000$337,00045.1%
Lakeville89846%$304,100$274,01111%
Lilydale21100%$280,350$339,000-17.3%
Vermillion110%$278,500$278,0000.2%
Burnsville81810%$275,000$234,00017.5%
Hampton12-50%$275,000$252,5008.9%
Rosemount3843-11.6%$260,656$229,50013.6%
Apple Valley81810%$255,000$225,00013.3%
Inver Grove Heights54540%$240,000$196,75022%
Eagan817311%$240,000$275,000-12.7%