Q1 2026 Lakeville, MN Real Estate Market Update
A look back at January–March 2026 home prices, days on market, and inventory trends in Lakeville, Minnesota — based on NorthstarMLS data.
Q1 2026 At a Glance
What Q1 2026 Told Us About the Lakeville Market
How Q1 Compares to Spring 2026
Q1 2026 Monthly Snapshot
| Metric | Q1 2026 Figure |
|---|---|
| Median Sale Price | $514,000 |
| Average Days on Market | 38 days |
| Housing Inventory | 2.4 months |
| List-to-Sale Price Ratio | 98.1% |
| Price per Square Foot | $193 |
| Year-Over-Year Price Change | +3.8% |
Frequently Asked Questions: Q1 2026 Lakeville Market
What was the median home price in Lakeville, MN during Q1 2026?
The median sale price in Lakeville during Q1 2026 (January–March) was $514,000, according to NorthstarMLS data.
How fast were homes selling in Lakeville in early 2026?
Homes in Lakeville averaged just 38 days on market during Q1 2026, reflecting strong buyer demand and a tight inventory environment.
Was Q1 2026 a buyer’s or seller’s market in Lakeville?
Q1 2026 was a seller’s market in Lakeville, with only 2.4 months of housing inventory and homes selling at 98.1% of list price on average.
How does Q1 2026 compare to more recent Lakeville market data?
Prices have continued rising since Q1, reaching a median of $519,695 by May 2026. See the latest Spring 2026 Lakeville Market Update for current figures.
See What’s For Sale in Lakeville Right Now
Market data tells you where things stood — live listings show you what’s happening today. Search active Lakeville homes for sale, updated directly from NorthstarMLS.
Thinking About Selling in Today’s Market?
Market conditions have shifted since Q1 — let’s talk about what your home is worth right now.
