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Minnesota State Wire

Friday, September 12, 2025

Prior Lake home prices rise in February 2020

Webp realestate3

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Adobe Stock

The median sale price of a home sold in February 2020 in Prior Lake rose by $66,500 while total sales decreased by 19.2%, according to BlockShopper.com.

In February 2020, there were 21 homes sold, with a median sale price of $361,000 - a 22.6% increase over the $294,500 median sale price for the same period of the previous year. There were 26 homes sold in Prior Lake in February 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1.1% of the median home sale price for February 2020.

The following table compares Prior Lake to other Scott County cities in February 2020:

CityFeb. 2020 Home SalesFeb. 2019 Home Sales% change (Total Home Sales)Feb. 2020 Median Sales PriceFeb. 2019 Median Sales Price% change (Median Sales Price)
Prior Lake2126-19.2%$361,000$294,50022.6%
Elko New Market330%$325,000$200,00062.5%
Jordan36-50%$295,500$211,50039.7%
New Prague4333.3%$283,997$312,836-9.2%
Savage1325-48%$270,000$300,000-10%
Shakopee2733-18.2%$260,000$230,90212.6%
Belle Plaine514-64.3%$250,000$250,500-0.2%

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