Quantcast

Minnesota State Wire

Friday, September 12, 2025

Rising home prices in Shakopee in the second half of 2020

Webp re 3

The median sale price of a home sold in the second half of 2020 in Shakopee rose by $14,050 while total sales decreased by 22.9%, according to BlockShopper.com.

From July through December of 2020, there were 306 homes sold, with a median sale price of $265,950 - a 5.6% increase over the $251,900 median sale price for the same period of the previous year. There were 397 homes sold in Shakopee in the second half of 2019.

The median sales tax in Shakopee for the most recent year with available data, 2019, was $3,086, approximately 1.2% of the median home sale price for the second half of 2020.

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

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Prior Lake248302-17.9%$367,500$337,5008.9%
Elko New Market4250-16%$355,500$310,00014.7%
Savage220278-20.9%$340,000$290,00017.2%
Jordan45450%$335,000$280,00019.6%
New Prague3549-28.6%$280,000$236,90018.2%
Shakopee306397-22.9%$265,950$251,9005.6%
Belle Plaine4788-46.6%$263,000$234,95011.9%

MORE NEWS