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Dakota Times

Friday, September 12, 2025

Lakeville home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Lakeville fell by $4,300 while total sales increased by 3%, according to BlockShopper.com.

In March 2018, there were 68 homes sold, with a median sale price of $285,000 - a 1.5% decrease over the $289,300 median sale price for the same period of the previous year. There were 66 homes sold in Lakeville in March 2017.

The median sales tax in Lakeville for the most recent year with available data, 2014, was $2,779, approximately 1% of the median home sale price for March 2018.

The following table compares Lakeville to other Dakota County cities with similar median sales prices in March 2018:

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Castle Rock12-50%$430,001$357,50020.3%
Northfield10-$390,740$0-
Mendota Heights1516-6.3%$380,000$353,2507.6%
Vermillion3250%$321,000$225,50042.4%
Lakeville68663%$285,000$289,300-1.5%
Empire440%$266,750$288,625-7.6%
Burnsville6577-15.6%$259,000$229,00013.1%
Inver Grove Heights352729.6%$257,750$193,00033.5%
Lilydale21100%$252,500$197,50027.8%
Apple Valley6973-5.5%$252,000$209,98720%
Rosemount2439-38.5%$248,000$230,0007.8%

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