From July through December of 2017, there were 277 homes sold, with a median sale price of $267,000 - a 4.3% increase over the $256,000 median sale price for the same period of the previous year. There were 264 homes sold in Savage in the second half of 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 the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 45 | 53 | -15.1% | $300,000 | $297,000 | 1% |
| Prior Lake | 252 | 262 | -3.8% | $279,950 | $293,056 | -4.5% |
| Savage | 277 | 264 | 4.9% | $267,000 | $256,000 | 4.3% |
| Jordan | 73 | 57 | 28.1% | $247,500 | $240,900 | 2.7% |
| Shakopee | 384 | 341 | 12.6% | $222,000 | $225,850 | -1.7% |
| Belle Plaine | 93 | 104 | -10.6% | $220,000 | $191,200 | 15.1% |
| New Prague | 51 | 47 | 8.5% | $214,900 | $226,400 | -5.1% |
Alerts Sign-up