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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

$603,782

AVERAGE PRICE OF 492 HOMES

$364,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,504,777

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$636,025

AVERAGE PRICE OF 209 NEWLY BUILT HOMES

$588,002

AVERAGE PRICE OF 69 HOMES WITH A POOL

$558,664

AVERAGE PRICE OF 60 REDUCED PRICE HOMES

Average Home

Average Price $603,782
Avg Bedrooms 3.74 beds
Avg Bathrooms 3.16 baths

Average Price by Bedrooms

1 bedroom $289,900
2 bedrooms $489,232
3 bedrooms $480,284
4 bedrooms $589,630
5 bedrooms $719,919
Lakeville Home Price Trends
  9/2026 8/2026 7/2026 6/2026 5/2026
Total Listings n/a 544 536 n/a n/a
Average Price n/a $631,423 $627,517 n/a n/a
Avg Price Change n/a +0.62% n/a n/a n/a
Median Price n/a $559,376 $565,622 n/a n/a
Med Price Change n/a -1.12% n/a n/a n/a
Avg Bedrooms n/a 3.78 beds 3.77 beds n/a n/a
Avg Bathrooms n/a 3.21 baths 3.19 baths n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 492 $603,782 77 days
Distressed Homes 1 $364,900 30 days
Multi-Million Dollar Homes 28 $1,504,777 142 days
Newly Built Homes 209 $636,025 90 days
Homes with a Pool 69 $588,002 89 days
Reduced Price Homes 60 $558,664 87 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 October 11, 2026 7 AM. 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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