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Minnesota State Wire

Wednesday, November 6, 2024

September 2021: Lakeville experienced a 10.3% increase in median home prices

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The median sale price of a home sold in September 2021 in Lakeville rose by $36,550 while total sales increased by 34.8%, according to BlockShopper.com.

In September 2021, there were 89 homes sold, with a median sale price of $390,000 - a 10.3% increase over the $353,450 median sale price for the same period of the previous year. There were 66 homes sold in Lakeville in September 2020.

The median sales tax in Lakeville for the most recent year with available data, 2020, was $4,024, approximately 1% of the median home sale price for September 2021.

The following table compares Lakeville to other Dakota County cities with similar median sale prices in September 2021:

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Mendota Heights168100%$566,250$309,388.5083%
Lilydale21100%$547,500$575,000-4.8%
Empire330%$495,600$290,00070.9%
Waterford10-$485,000$0-
Randolph31200%$480,000$325,00047.7%
Lakeville896634.8%$390,000$353,45010.3%
Eureka Center10-$360,000$0-
Eagan886339.7%$355,000$324,0009.6%
Rosemount373023.3%$340,000$282,45020.4%
Burnsville936543.1%$340,000$316,9007.3%
Apple Valley805156.9%$335,000$250,00034%

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