In December 2017, there were five homes sold, with a median sale price of $320,000 - a 72.4% increase over the $185,600 median sale price for the same period of the previous year. There were 15 homes sold in Elko New Market in December 2016.
The median sales tax in Elko New Market for 2017 was $3,515. In 2016, the median sales tax was $3,422. This marks an increase of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Elko New Market to other Scott County cities in December 2017:
| City | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 5 | 15 | -66.7% | $320,000 | $185,600 | 72.4% |
| Savage | 31 | 33 | -6.1% | $295,000 | $290,314 | 1.6% |
| New Prague | 6 | 4 | 50% | $284,500 | $253,000 | 12.5% |
| Prior Lake | 25 | 43 | -41.9% | $280,000 | $268,000 | 4.5% |
| Jordan | 10 | 6 | 66.7% | $220,440 | $274,807.50 | -19.8% |
| Belle Plaine | 16 | 10 | 60% | $220,000 | $204,000 | 7.8% |
| Shakopee | 44 | 48 | -8.3% | $219,900 | $226,950 | -3.1% |
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