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Archived Report

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.

View the Latest Report (Spring 2026) →

Q1 2026 At a Glance

$514,000
Median Sale Price
38 Days
Average Days on Market
2.4 Months
Housing Inventory
98.1%
List-to-Sale Price Ratio
$193/sqft
Price per Square Foot
+3.8%
Year-Over-Year Price Growth

What Q1 2026 Told Us About the Lakeville Market

Lakeville opened 2026 with a tight, fast-moving market. Homes that were priced and presented correctly sold in an average of just 38 days, and sellers held strong negotiating leverage — closing at 98.1% of list price on average. With only 2.4 months of inventory on hand, Q1 remained a seller’s market by every standard measure, setting the stage for the price momentum that continued into spring.

How Q1 Compares to Spring 2026

Since Q1, the Lakeville market has continued to shift in sellers’ favor on price, even as inventory loosened slightly. Median sale price climbed from $514,000 in Q1 to $519,695 by May, while average days on market eased from 38 to 62 days as more listings came onto the market seasonally. For the full spring breakdown, see the Spring 2026 Lakeville Market Update.

Q1 2026 Monthly Snapshot

MetricQ1 2026 Figure
Median Sale Price$514,000
Average Days on Market38 days
Housing Inventory2.4 months
List-to-Sale Price Ratio98.1%
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.

Search Live Lakeville Listings →

Thinking About Selling in Today’s Market?

Market conditions have shifted since Q1 — let’s talk about what your home is worth right now.

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