In July 2017, there were 49 homes sold, with a median sale price of $267,300 - a 2.3% decrease over the $273,650 median sale price for the same period of the previous year. There were 70 homes sold in Savage in July 2016.
The median sales tax in Savage for 2017 was $3,452. In 2016, the median sales tax was $3,460. This marks an decrease of 0.2%. 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 Savage to other Scott County cities in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 51 | 64 | -20.3% | $320,000 | $295,000 | 8.5% |
| Elko New Market | 11 | 11 | 0% | $300,000 | $290,000 | 3.4% |
| Savage | 49 | 70 | -30% | $267,300 | $273,650 | -2.3% |
| Shakopee | 77 | 76 | 1.3% | $245,000 | $231,975 | 5.6% |
| Belle Plaine | 13 | 23 | -43.5% | $214,000 | $208,000 | 2.9% |
| Jordan | 20 | 14 | 42.9% | $207,503.50 | $241,200 | -14% |
| New Prague | 13 | 11 | 18.2% | $180,000 | $225,000 | -20% |
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