In January 2020, there were five homes sold, with a median sale price of $220,000 - a 27.9% decrease over the $305,000 median sale price for the same period of the previous year. There were nine homes sold in Elko New Market in January 2019.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.7% of the median home sale price for January 2020.
The following table compares Elko New Market to other Scott County cities in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 24 | 16 | 50% | $379,500 | $312,450 | 21.5% |
| Jordan | 6 | 12 | -50% | $320,000 | $229,650 | 39.3% |
| Shakopee | 31 | 39 | -20.5% | $310,000 | $247,500 | 25.3% |
| Savage | 30 | 14 | 114.3% | $286,450 | $290,000 | -1.2% |
| Elko New Market | 5 | 9 | -44.4% | $220,000 | $305,000 | -27.9% |
| Belle Plaine | 5 | 5 | 0% | $195,000 | $239,900 | -18.7% |
| New Prague | 4 | 9 | -55.6% | $191,288 | $171,500 | 11.5% |
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