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Minnesota State Wire

Thursday, November 7, 2024

Prior Lake home prices rise in June 2020

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The median sale price of a home sold in June 2020 in Prior Lake rose by $30,300 while total sales decreased by 67.2%, according to BlockShopper.com.

In June 2020, there were 21 homes sold, with a median sale price of $379,800 - a 8.7% increase over the $349,500 median sale price for the same period of the previous year. There were 64 homes sold in Prior Lake in June 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1% of the median home sale price for June 2020.

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

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Prior Lake2164-67.2%$379,800$349,5008.7%
Elko New Market213-84.6%$372,500$330,00012.9%
Jordan316-81.3%$334,900$293,00014.3%
Savage1972-73.6%$324,000$314,9502.9%
Shakopee2674-64.9%$300,000$307,450-2.4%
Belle Plaine715-53.3%$260,000$259,9000%
New Prague613-53.8%$249,500$225,90010.4%

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