In August 2019, there were 119 homes sold, with a median sale price of $315,000 - a 2.4% increase over the $307,500 median sale price for the same period of the previous year. There were 121 homes sold in Lakeville in August 2018.
The median sales tax in Lakeville for 2019 was $3,651. In 2018, the median sales tax was $3,435. This marks an increase of 6.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Lakeville to other Dakota County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sunfish Lake | 1 | 1 | 0% | $1,600,000 | $523,900 | 205.4% |
| Mendota Heights | 24 | 30 | -20% | $514,950 | $325,000 | 58.4% |
| Eureka Center | 1 | 1 | 0% | $385,000 | $250,000 | 54% |
| Vermillion | 4 | 3 | 33.3% | $382,500 | $299,500 | 27.7% |
| Lakeville | 119 | 121 | -1.7% | $315,000 | $307,500 | 2.4% |
| Eagan | 120 | 116 | 3.4% | $310,500 | $263,750 | 17.7% |
| Castle Rock | 1 | 4 | -75% | $310,000 | $310,000 | 0% |
| Northfield | 4 | 6 | -33.3% | $302,000 | $246,950 | 22.3% |
| Farmington | 59 | 61 | -3.3% | $289,255 | $255,000 | 13.4% |
| Burnsville | 116 | 113 | 2.7% | $285,000 | $276,000 | 3.3% |
| Rosemount | 39 | 41 | -4.9% | $284,000 | $249,500 | 13.8% |
Alerts Sign-up