From October through December of 2020, there were 16 homes sold, with a median sale price of $360,000 - a 9.1% increase over the $329,875 median sale price for the same period of the previous year. There were 23 homes sold in Elko New Market in the fourth quarter of 2019.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.1% of the median home sale price for the fourth quarter of 2020.
The following table compares Elko New Market to other Scott County cities in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 108 | 121 | -10.7% | $396,950 | $342,000 | 16.1% |
| Elko New Market | 16 | 23 | -30.4% | $360,000 | $329,875 | 9.1% |
| Savage | 93 | 96 | -3.1% | $340,000 | $299,825 | 13.4% |
| Jordan | 21 | 19 | 10.5% | $315,000 | $272,500 | 15.6% |
| New Prague | 11 | 25 | -56% | $310,000 | $225,000 | 37.8% |
| Shakopee | 130 | 154 | -15.6% | $256,000 | $245,000 | 4.5% |
| Belle Plaine | 15 | 35 | -57.1% | $250,000 | $234,000 | 6.8% |
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