Prior Lake Real Estate Forecast, Prior Lake Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Prior Lake a good investment? The median home price in Prior Lake today: â–¼ 503,181 USD (-5.969%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$503,181

1 Month Forecast

â–² $538,155

1-Year Forecast *

â–² $571,779

5-Year Forecast *

â–² $619,989

"Is it a good time to buy homes in Prior Lake?" "Does investing in real estate in Prior Lake (Minnesota State, Scott County) worth it?" According to our live Forecast System, buying a house in Prior Lake is a good short-term (1-year) investment*. The Prior Lake average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Prior Lake" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Prior Lake in Minnesota State, Scott County. If you are looking for homes for sale with good flipping profit, Prior Lake can be a profitable property investment option. The median price of an average house in Prior Lake was 503,181 USD on 2026-03-04. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Prior Lake" area is 619,989 USD by 2031-03-04. For a 5-year investment the profit is expected to be around +23.21% meaning that investing 100000 USD today may yield a profit of 23,214 USD by 2031.

Current Median Listing Price: 503,181 USD Median Listing Price Per Square Foot: 280 USD

Prior Lake Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Prior Lake (Minnesota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Prior Lake Price Target

Prior Lake median home price target in 12 months: $571,779* (upside of 13.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $532,221 $535,123 $532,221 $535,123
2024 $487,863 $503,181 $487,863 $503,181
2023 $488,610 $488,731 $484,340 $491,687
2022 $471,020 $491,954 $471,020 $504,807
2021 $417,244 $466,073 $417,244 $466,073
2020 $379,680 $412,115 $379,680 $412,115
2019 $368,063 $377,493 $368,063 $377,493
2018 $349,145 $366,781 $349,145 $366,781
2017 $333,527 $347,919 $333,527 $347,919
2016 $319,718 $330,497 $319,718 $330,497
2015 $301,951 $317,523 $301,951 $317,523
2014 $291,342 $301,443 $291,342 $301,573
2013 $265,855 $289,661 $265,855 $289,661
2012 $248,106 $263,327 $247,227 $263,327

Questions & Answers about the Prior Lake Housing Market Forecast

How much does an average home cost in Prior Lake today?

The value of an average home (the listing price) in Prior Lake is $503,181 USD.

What is the average price per square foot in Prior Lake?

According to Walletinvestor the median price per square foot in Prior Lake is 280 USD.

Will the median listing price of homes in Prior Lake grow / rise / go up?

Yes. The Prior Lake home prices may rise from 503,181 USD to 571,779 USD in one year.

Is it profitable to invest in Prior Lake homes?

Yes. The long-term profit potential is +13.63% in one year.

Will Prior Lake house prices fall / drop?

No. See above.

What is the predicted price of a Prior Lake home in 2030?

The predicted home sales price of a Prior Lake home in 2030 in Prior Lake is 592,480 USD.

What is the predicted price of a Prior Lake home in 2035?

The predicted home sales price of a Prior Lake home in 2035 in Prior Lake is 673,305 USD.

Will real estate prices decrease in Prior Lake?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Prior Lake is the 1776. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Scott, Prior Lake decreased, looking at the past 12 months.

According to Walletinvestor's Prior Lake real estate market research, home values will increase in the next 12 months.

Median home values decreased by 5.806% to 503,181 USD, between 2025-03-04 and 2026-03-04

The average annual profit of property investment was:

  • 13.193% in 2021
  • 15.553% in 2022
  • 11.833% in 2023
  • 15.623% in 2024
  • 15.143% in 2025
  • 13.483% in 2026

Based on our Prior Lake real estate market research and report the predicted sales prices will increase by 258.960% in the next 10 years.

Over the last 12 months, the value of homes in Prior Lake fluctuated: increasing 3 times and decreasing 1 times.

Prior Lake (Minnesota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Prior Lake Housing Market Forecast with Real Estate Prices for 2025
August 2025 538155 497255 579055
September 2025 541204 509273 573135
October 2025 544271 511615 576927
November 2025 547355 513419 581291
December 2025 550457 517429 583484
Prior Lake Housing Market Forecast with Real Estate Prices for 2026
January 2026 553558 511488 595628
February 2026 555851 509716 601987
March 2026 559001 508691 609311
April 2026 562169 520568 603769
May 2026 565354 523518 607190
June 2026 568558 513408 623708
July 2026 571779 522035 621524
August 2026 575019 541093 608946
September 2026 578278 527389 629166
October 2026 581555 539683 623426
November 2026 582827 537366 628287
December 2026 580535 532350 628719
Prior Lake Housing Market Forecast with Real Estate Prices for 2027
January 2027 578251 538352 618151
February 2027 575977 542571 609384
March 2027 573715 519785 627644
April 2027 571458 533742 609174
May 2027 569211 525382 613040
June 2027 566972 518213 615732
July 2027 565238 535846 594631
August 2027 565343 531422 599263
September 2027 566607 530344 602870
October 2027 568763 517005 620520
November 2027 571251 530692 611809
December 2027 573120 523832 622408
Prior Lake Housing Market Forecast with Real Estate Prices for 2028
January 2028 573812 530776 616848
February 2028 573212 518184 628240
March 2028 571857 519818 623897
April 2028 570362 540133 600591
May 2028 569349 538604 600094
June 2028 569389 515867 622912
July 2028 571554 525258 617850
August 2028 574320 536415 612225
September 2028 576297 526159 626435
October 2028 576315 524447 628183
November 2028 575924 526394 625453
December 2028 576417 540679 612155
Prior Lake Housing Market Forecast with Real Estate Prices for 2029
January 2029 577871 548400 607343
February 2029 580527 536407 624647
March 2029 583654 548051 619256
April 2029 586961 544113 629809
May 2029 590287 553099 627475
June 2029 592066 544109 640023
July 2029 592480 540934 644025
August 2029 592660 555915 629405
September 2029 592436 559852 625020
October 2029 592579 554654 630504
November 2029 593505 540683 646327
December 2029 596868 547925 645812
Prior Lake Housing Market Forecast with Real Estate Prices for 2030
January 2030 600250 557032 643469
February 2030 603652 572262 635042
March 2030 607072 576719 637426
April 2030 610512 565334 655690
May 2030 613952 569747 658156
June 2030 616495 572108 660883
July 2030 619989 558610 681368
August 2030 623502 582351 664653
September 2030 627035 584397 669673
October 2030 630588 578880 682296
November 2030 634161 599917 668406
December 2030 637755 599490 676020
Prior Lake Housing Market Forecast with Real Estate Prices for 2031
January 2031 641369 597114 685623
February 2031 645003 612753 677253
March 2031 646414 593408 699420
April 2031 643872 610390 677353
May 2031 641339 606066 676613
June 2031 638817 598572 679063
July 2031 636308 587312 685303
August 2031 633805 571692 695918
September 2031 631312 568181 694444
October 2031 628830 569091 688568
November 2031 626906 588038 665775
December 2031 627023 581250 672795
Prior Lake Housing Market Forecast with Real Estate Prices for 2032
January 2032 628424 568096 688753
February 2032 630815 590443 671188
March 2032 633575 585423 681726
April 2032 635648 603230 668066
May 2032 636416 598867 673964
June 2032 635750 594426 677074
July 2032 634248 572092 696404

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.