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Minnesota State Wire

Monday, November 4, 2024

Savage home prices fall in August 2019

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The median sale price of a home sold in August 2019 in Savage fell by $21,000 while total sales decreased by 5.9%, according to BlockShopper.com.

In August 2019, there were 64 homes sold, with a median sale price of $274,000 - a 7.1% decrease over the $295,000 median sale price for the same period of the previous year. There were 68 homes sold in Savage in August 2018.

The median sales tax in Savage for 2019 was $3,760. In 2018, the median sales tax was $3,585. This marks an increase of 4.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Savage to other Scott County cities in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Prior Lake716214.5%$321,000$337,000-4.7%
Elko New Market911-18.2%$320,000$359,000-10.9%
Jordan722-68.2%$300,000$289,417.503.7%
Savage6468-5.9%$274,000$295,000-7.1%
Shakopee8892-4.3%$250,000$247,5001%
Belle Plaine23224.5%$235,000$233,2500.8%
New Prague815-46.7%$226,700$173,40030.7%

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