Lakeville, Prince Edward Island, Canada
As of August 12, 2026, the median asking price in Lakeville is $349,000, across 3 active MLS® listings.
Those listings have been on the market an average of 20 days.
2 new listings came to market in Lakeville in the last 30 days.
Lakeville is a small rural lakeside community in central Prince Edward Island, characterized by low-density housing on larger lots, seasonal cottages, and year-round single-family homes. The area appeals to retirees, tradespeople, remote workers, and buyers seeking privacy and access to outdoor recreation, with demographics skewing older than major urban centres and a noticeable seasonal population bump tied to cottage use and tourism.
Amenities are limited within the neighbourhood itself, with most daily shopping, services, and dining accessed by car in nearby towns (often Montague and surrounding Kings County communities). Recreation is a key draw: lake access, boating/angling, and trails/quiet country roads support a lifestyle market. Schools are typically served through the broader regional school system rather than being walkable, and public transit is minimal to non-existent, making vehicle dependence the norm. The real estate market is relatively thinly traded with higher variability by property type (waterfront vs. inland), and pricing trends have benefited from the province-wide post-2020 demand surge; recent conditions suggest steadier growth, with rental demand stronger for long-term family rentals in nearby service hubs and for short-term/seasonal stays near the water (where regulations and seasonality can affect returns).
Lakeville currently has 7 active listings with a median asking price of $349,000 and an average of $340 per square foot, pointing to a small, price-sensitive market where value can vary notably by property. With homes averaging 187 days on market, conditions look relatively patient and negotiation-friendly for buyers, while investors should underwrite longer holding periods. Only 2 new listings in the past 30 days suggest limited fresh supply, so the right properties may still face less competition despite the slower pace.
The median asking price in Lakeville is $349,000, across 3 active MLS® listings as of August 12, 2026. The average asking price is $361,000. These are list prices on homes currently for sale, not sale prices.
There are 3 active MLS® listings in Lakeville as of August 12, 2026. 2 of them came to market in the last 30 days.
Homes currently listed in Lakeville have been on the market an average of 20 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.