In August 2021, there were two homes sold, with a median sale price of $321,200 - a 15.3% decrease over the $379,000 median sale price for the same period of the previous year. There were six homes sold in Elko New Market in August 2020.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.2% of the median home sale price for August 2021.
The following table compares Elko New Market to other Scott County cities in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 43 | 47 | -8.5% | $419,900 | $345,000 | 21.7% |
| Savage | 43 | 53 | -18.9% | $360,000 | $390,000 | -7.7% |
| Elko New Market | 2 | 6 | -66.7% | $321,200 | $379,000 | -15.3% |
| New Prague | 8 | 9 | -11.1% | $300,100 | $280,000 | 7.2% |
| Belle Plaine | 12 | 7 | 71.4% | $300,000 | $282,000 | 6.4% |
| Jordan | 4 | 5 | -20% | $299,200 | $300,000 | -0.3% |
| Shakopee | 55 | 56 | -1.8% | $289,000 | $289,500 | -0.2% |
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