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In March 2020, there were five homes sold, with a median sale price of $319,000 - a 5.1% increase over the $303,500 median sale price for the same period of the previous year. There were five homes sold in Elko New Market in March 2019, as well.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.2% of the median home sale price for March 2020.
The following table compares Elko New Market to other Scott County cities in March 2020:
| City | Mar. 2020 Home Sales | Mar. 2019 Home Sales | % change (Total Home Sales) | Mar. 2020 Median Sales Price | Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 5 | 5 | 0% | $319,000 | $303,500 | 5.1% |
| Savage | 28 | 33 | -15.2% | $319,000 | $270,000 | 18.1% |
| Prior Lake | 21 | 35 | -40% | $319,000 | $317,000 | 0.6% |
| New Prague | 7 | 11 | -36.4% | $292,000 | $257,000 | 13.6% |
| Jordan | 5 | 5 | 0% | $278,240 | $260,000 | 7% |
| Shakopee | 26 | 35 | -25.7% | $274,200 | $237,950 | 15.2% |
| Belle Plaine | 6 | 9 | -33.3% | $171,250 | $280,000 | -38.8% |
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