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Thursday, November 7, 2024

Savage home prices rise in November 2020

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The median sale price of a home sold in November 2020 in Savage rose by $34,500 while total sales decreased by 39.1%, according to BlockShopper.com.

In November 2020, there were 14 homes sold, with a median sale price of $337,500 - a 11.4% increase over the $303,000 median sale price for the same period of the previous year. There were 23 homes sold in Savage in November 2019.

The median sales tax in Savage for the most recent year with available data, 2019, was $3,760, approximately 1.1% of the median home sale price for November 2020.

The following table compares Savage to other Scott County cities in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Prior Lake2242-47.6%$447,500$377,45018.6%
Elko New Market16-83.3%$443,600$378,99417%
Jordan5366.7%$359,000$204,90075.2%
Savage1423-39.1%$337,500$303,00011.4%
Shakopee2248-54.2%$308,000$240,25028.2%
New Prague28-75%$280,500$224,25025.1%
Belle Plaine215-86.7%$242,500$245,000-1%

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