From January through December of 2019, there were 97 homes sold, with a median sale price of $315,000 - a 1.6% decrease over the $320,000 median sale price for the previous year. There were 109 homes sold in Elko New Market in 2018.
The median sales tax in Elko New Market for 2019 was $3,841. In 2018, the median sales tax was $3,790. This marks an increase of 1.3%. 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 Elko New Market to other Scott County cities in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 545 | 601 | -9.3% | $335,000 | $315,000 | 6.3% |
| Elko New Market | 97 | 109 | -11% | $315,000 | $320,000 | -1.6% |
| Savage | 530 | 551 | -3.8% | $293,500 | $283,000 | 3.7% |
| Jordan | 112 | 148 | -24.3% | $279,950 | $260,517.50 | 7.5% |
| Shakopee | 725 | 821 | -11.7% | $250,000 | $240,000 | 4.2% |
| Belle Plaine | 160 | 173 | -7.5% | $245,000 | $234,900 | 4.3% |
| New Prague | 102 | 118 | -13.6% | $238,700 | $207,500 | 15% |
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