In May 2017, there were 62 homes sold, with a median sale price of $289,500 - a 13.5% increase over the $255,000 median sale price for the same period of the previous year. There were 63 homes sold in Savage in May 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 1.2%.
The following table compares Savage to other Scott County cities in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Savage | 62 | 63 | -1.6% | $289,500 | $255,000 | 13.5% |
| Prior Lake | 73 | 86 | -15.1% | $284,500 | $271,250 | 4.9% |
| Elko New Market | 12 | 6 | 100% | $253,000 | $312,855 | -19.1% |
| New Prague | 15 | 13 | 15.4% | $234,688 | $192,500 | 21.9% |
| Shakopee | 79 | 84 | -6% | $227,500 | $237,500 | -4.2% |
| Belle Plaine | 24 | 20 | 20% | $211,500 | $192,500 | 9.9% |
| Jordan | 6 | 19 | -68.4% | $184,400 | $260,000 | -29.1% |
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