In May 2020, there were eight homes sold, with a median sale price of $349,100 - a 10.8% increase over the $315,000 median sale price for the same period of the previous year. There were 10 homes sold in Elko New Market in May 2019.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.1% of the median home sale price for May 2020.
The following table compares Elko New Market to other Scott County cities in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 17 | 65 | -73.8% | $360,000 | $373,500 | -3.6% |
| Elko New Market | 8 | 10 | -20% | $349,100 | $315,000 | 10.8% |
| Shakopee | 30 | 80 | -62.5% | $307,500 | $250,000 | 23% |
| Savage | 28 | 67 | -58.2% | $300,000 | $309,900 | -3.2% |
| New Prague | 2 | 10 | -80% | $292,500 | $217,500 | 34.5% |
| Jordan | 8 | 12 | -33.3% | $282,000 | $293,500 | -3.9% |
| Belle Plaine | 9 | 16 | -43.8% | $262,650 | $252,450 | 4% |
Alerts Sign-up