In July 2018, there were 43 homes sold, with a median sale price of $299,900 - a 6.3% decrease over the $320,000 median sale price for the same period of the previous year. There were 51 homes sold in Prior Lake in July 2017.
The median sales tax in Prior Lake for 2018 was $3,824. In 2017, the median sales tax was $3,478. This marks an increase of 9.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Prior Lake to other Scott County cities in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 43 | 51 | -15.7% | $299,900 | $320,000 | -6.3% |
| Savage | 45 | 49 | -8.2% | $297,300 | $267,300 | 11.2% |
| Elko New Market | 6 | 11 | -45.5% | $272,461 | $300,000 | -9.2% |
| Jordan | 11 | 20 | -45% | $262,000 | $207,503.50 | 26.3% |
| Shakopee | 63 | 77 | -18.2% | $236,800 | $245,000 | -3.3% |
| Belle Plaine | 14 | 13 | 7.7% | $221,500 | $214,000 | 3.5% |
| New Prague | 7 | 13 | -46.2% | $190,000 | $180,000 | 5.6% |
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