Housing Market in Lakeville
Lakeville's housing market runs genuinely competitive and construction-driven, with a real, disclosed spread in exactly how much a typical home costs depending on which source's methodology is used.
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Learn moreA real, disclosed source spread
Zillow's typical home value ran $467,503 (down ~0.8% YoY); Houzeo's median cited $450,000; RealtyTrac's median estimate ran $527,912; Redfin's median sale price ran approximately $500,000 -- a real spread rather than one reconciled number.
A genuinely competitive, construction-driven market
Homes moved in a median of 37 days with 3.7 months of supply, selling for approximately 99.46% of asking price. The city issued 551 residential building permits in 2025 alone (~$381.2 million total valuation), concentrated near Kenwood Trail and Cedar Avenue.
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Key takeaways
- Lakeville home-price figures carried a real, disclosed spread ($450,000-$527,912) across sources reviewed this pass.
- The market runs genuinely competitive: 37-day median days on market, 99.46% sold-to-list ratio.
- New construction remains a real, active driver: 551 residential permits issued in 2025 (~$381.2 million valuation).
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