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Minnesota State Wire

Friday, November 22, 2024

Prior Lake home prices rise in April 2020

Realestate4

The median sale price of a home sold in April 2020 in Prior Lake rose by $29,100 while total sales decreased by 27%, according to BlockShopper.com.

In April 2020, there were 27 homes sold, with a median sale price of $324,900 - a 9.8% increase over the $295,800 median sale price for the same period of the previous year. There were 37 homes sold in Prior Lake in April 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1.2% of the median home sale price for April 2020.

The following table compares Prior Lake to other Scott County cities in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Jordan916-43.8%$345,000$273,50026.1%
Elko New Market27-71.4%$334,000$333,5000.1%
Savage2641-36.6%$328,759$285,00015.4%
Prior Lake2737-27%$324,900$295,8009.8%
Shakopee3167-53.7%$272,000$235,00015.7%
New Prague47-42.9%$267,750$249,9007.1%
Belle Plaine813-38.5%$255,500$260,000-1.7%

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