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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

$618,757

AVERAGE PRICE OF 498 HOMES

$415,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,453,124

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$632,957

AVERAGE PRICE OF 223 NEWLY BUILT HOMES

$599,556

AVERAGE PRICE OF 60 HOMES WITH A POOL

$579,691

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $618,757
Avg Bedrooms 3.68 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

2 bedrooms $464,580
3 bedrooms $531,991
4 bedrooms $607,849
5 bedrooms $734,770
Lakeville Home Price Trends
  4/2026 3/2026 2/2026 1/2026 12/2025
Total Listings 454 412 366 335 352
Average Price $615,747 $623,893 $617,401 $607,540 $592,217
Avg Price Change -1.32% +1.05% +1.62% +2.59% +1.97%
Median Price $580,278 $584,201 $567,647 $570,081 $569,597
Med Price Change -0.68% +2.92% -0.43% +0.08% +2.73%
Avg Bedrooms 3.69 beds 3.67 beds 3.65 beds 3.67 beds 3.66 beds
Avg Bathrooms 3.1 baths 3.06 baths 3.04 baths 3.03 baths 3 baths
Total Homes Average Price Avg Days on Site
All Homes 498 $618,757 66 days
Distressed Homes 1 $415,000 16 days
Multi-Million Dollar Homes 28 $1,453,124 120 days
Newly Built Homes 223 $632,957 81 days
Homes with a Pool 60 $599,556 76 days
Reduced Price Homes 35 $579,691 58 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 May 10, 2026 10 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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