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Minnesota State Wire

Friday, September 12, 2025

Shakopee home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Shakopee rose by $22,900 while total sales decreased by 51.6%, according to BlockShopper.com.

From April through June of 2020, there were 107 homes sold, with a median sale price of $280,000 - a 8.9% increase over the $257,100 median sale price for the same period of the previous year. There were 221 homes sold in Shakopee in the second quarter of 2019.

The median sales tax in Shakopee for the most recent year with available data, 2019, was $3,086, approximately 1.1% of the median home sale price for the second quarter of 2020.

The following table compares Shakopee to other Scott County cities in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Prior Lake95166-42.8%$350,000$344,2501.7%
Elko New Market1830-40%$340,100$330,0003.1%
Savage93180-48.3%$309,500$307,0000.8%
Jordan2644-40.9%$284,000$287,450-1.2%
Shakopee107221-51.6%$280,000$257,1008.9%
Belle Plaine2944-34.1%$254,500$258,000-1.4%
New Prague1530-50%$253,000$239,9505.4%

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