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Minnesota State Wire

Thursday, September 11, 2025

The first quarter of 2021: Home prices in Shakopee fell

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The median sale price of a home sold in the first quarter of 2021 in Shakopee fell by $12,200 while total sales decreased by 23.1%, according to BlockShopper.com.

From January through March of 2021, there were 83 homes sold, with a median sale price of $262,000 - a 4.4% decrease over the $274,200 median sale price for the same period of the previous year. There were 108 homes sold in Shakopee in the first quarter of 2020.

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 first quarter of 2021.

The following table compares Shakopee to other Scott County cities in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
New Prague1217-29.4%$345,382.50$256,00034.9%
Elko New Market1315-13.3%$342,000$319,0007.2%
Prior Lake6187-29.9%$332,400$345,000-3.7%
Savage4690-48.9%$315,500$298,0005.9%
Jordan1217-29.4%$281,750$282,900-0.4%
Belle Plaine21210%$265,000$240,00010.4%
Shakopee83108-23.1%$262,000$274,200-4.4%

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