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Thursday, November 7, 2024

Prior Lake home prices rise in November 2020

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The median sale price of a home sold in November 2020 in Prior Lake rose by $70,050 while total sales decreased by 47.6%, according to BlockShopper.com.

In November 2020, there were 22 homes sold, with a median sale price of $447,500 - a 18.6% increase over the $377,450 median sale price for the same period of the previous year. There were 42 homes sold in Prior Lake in November 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 0.9% of the median home sale price for November 2020.

The following table compares Prior Lake 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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