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Dakota Times

Tuesday, November 5, 2024

Median home prices in Lakeville rose to $359,000 in the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Lakeville rose by $29,051 while total sales increased by 31.4%, according to BlockShopper.com.

From January through June of 2021, there were 439 homes sold, with a median sale price of $359,000 - a 8.8% increase over the $329,950 median sale price for the same period of the previous year. There were 334 homes sold in Lakeville in the first half of 2020.

The median sales tax in Lakeville for the most recent year with available data, 2020, was $4,024, approximately 1.1% of the median home sale price for the first half of 2021.

The following table compares Lakeville to other Dakota County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Nininger330%$634,400$387,50063.7%
Mendota Heights745145.1%$482,500$330,00046.2%
Vermillion220%$464,500$252,50084%
Eureka Center330%$384,900$400,000-3.8%
Castle Rock4333.3%$365,000$487,000-25.1%
Lakeville43933431.4%$359,000$329,949.508.8%
Rosemount15914013.6%$336,500$312,6507.6%
Eagan43636918.2%$332,750$299,90011%
Burnsville38234710.1%$320,500$290,00010.5%
Lilydale59-44.4%$320,000$280,00014.3%
Farmington2051926.8%$315,000$284,50010.7%

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