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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

$615,832

AVERAGE PRICE OF 513 HOMES

$415,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,444,195

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$631,699

AVERAGE PRICE OF 227 NEWLY BUILT HOMES

$593,467

AVERAGE PRICE OF 66 HOMES WITH A POOL

$562,593

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $615,832
Avg Bedrooms 3.7 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

2 bedrooms $464,047
3 bedrooms $523,692
4 bedrooms $608,693
5 bedrooms $723,964
Lakeville Home Price Trends
  5/2026 4/2026 3/2026 2/2026 1/2026
Total Listings n/a 454 412 366 335
Average Price n/a $615,747 $623,893 $617,401 $607,540
Avg Price Change n/a -1.32% +1.05% +1.62% +2.59%
Median Price n/a $580,278 $584,201 $567,647 $570,081
Med Price Change n/a -0.68% +2.92% -0.43% +0.08%
Avg Bedrooms n/a 3.69 beds 3.67 beds 3.65 beds 3.67 beds
Avg Bathrooms n/a 3.1 baths 3.06 baths 3.04 baths 3.03 baths
Total Homes Average Price Avg Days on Site
All Homes 513 $615,832 66 days
Distressed Homes 1 $415,000 19 days
Multi-Million Dollar Homes 28 $1,444,195 122 days
Newly Built Homes 227 $631,699 82 days
Homes with a Pool 66 $593,467 71 days
Reduced Price Homes 36 $562,593 54 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 June 10, 2026 11 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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