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Lakeville

Why you'd want to live in Lakeville

Lakeville presents an appealing blend of suburban comfort and access to natural beauty, making it a desirable place to reside. The city is characterized by its numerous lakes, including Lake Marion and Orchard Lake, which offer abundant opportunities for boating, fishing, and other water-based recreational activities. Lakeville's extensive park system further enhances its outdoor appeal, providing residents with playgrounds, sports fields, and walking paths. The community is known for its family-friendly atmosphere, supported by a highly-rated school district that consistently achieves strong academic outcomes. The city's commercial areas offer a wide array of shopping, dining, and entertainment options, catering to diverse preferences. Lakeville's ongoing development projects aim to further enhance its infrastructure and amenities, ensuring a high quality of life for its residents.

Lakeville Market Report

$628,448

AVERAGE PRICE OF 497 HOMES

$1,480,360

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$645,321

AVERAGE PRICE OF 205 NEWLY BUILT HOMES

$660,079

AVERAGE PRICE OF 77 HOMES WITH A POOL

$611,650

AVERAGE PRICE OF 46 REDUCED PRICE HOMES

Average Home

Average Price $628,448
Avg Bedrooms 3.78 beds
Avg Bathrooms 3.19 baths

Average Price by Bedrooms

1 bedroom $289,900
2 bedrooms $470,012
3 bedrooms $489,520
4 bedrooms $621,585
5 bedrooms $754,916
Lakeville Home Price Trends
  8/2026 7/2026 6/2026 5/2026 4/2026
Total Listings 544 536 n/a n/a 454
Average Price $631,423 $627,517 n/a n/a $615,747
Avg Price Change +0.62% n/a n/a n/a -1.32%
Median Price $559,376 $565,622 n/a n/a $580,278
Med Price Change -1.12% n/a n/a n/a -0.68%
Avg Bedrooms 3.78 beds 3.77 beds n/a n/a 3.69 beds
Avg Bathrooms 3.21 baths 3.19 baths n/a n/a 3.1 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 497 $628,448 79 days
Multi-Million Dollar Homes 40 $1,480,360 140 days
Newly Built Homes 205 $645,321 104 days
Homes with a Pool 77 $660,079 78 days
Reduced Price Homes 46 $611,650 83 days
Patty Zuzek Mn, Wi Broker
801 Cliff Rd E # 135
Burnsville, MN 55337
952-985-7253

Based on information submitted to the MLS GRID as of September 4, 2026 6 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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