From April through June of 2019, there were 30 homes sold, with a median sale price of $330,000 - a 15.8% increase over the $285,000 median sale price for the same period of the previous year. There were 35 homes sold in Elko New Market in the second quarter of 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 the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 166 | 158 | 5.1% | $344,250 | $308,680 | 11.5% |
| Elko New Market | 30 | 35 | -14.3% | $330,000 | $285,000 | 15.8% |
| Savage | 180 | 159 | 13.2% | $307,000 | $286,900 | 7% |
| Jordan | 44 | 34 | 29.4% | $287,450 | $259,500 | 10.8% |
| Belle Plaine | 44 | 50 | -12% | $258,000 | $248,950 | 3.6% |
| Shakopee | 221 | 238 | -7.1% | $257,100 | $243,750 | 5.5% |
| New Prague | 30 | 30 | 0% | $239,950 | $257,252.40 | -6.7% |
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