From October through December of 2021, there were 110 homes sold, with a median sale price of $369,000 - a 6.6% decrease over the $394,900 median sale price for the same period of the previous year. There were 115 homes sold in Prior Lake in the fourth quarter of 2020.
The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1% of the median home sale price for the fourth quarter of 2021.
The following table compares Prior Lake to other Scott County cities in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 19 | 17 | 11.8% | $396,600 | $355,000 | 11.7% |
| Prior Lake | 110 | 115 | -4.3% | $369,000 | $394,900 | -6.6% |
| Savage | 126 | 100 | 26% | $363,000 | $340,000 | 6.8% |
| Jordan | 23 | 21 | 9.5% | $330,000 | $315,000 | 4.8% |
| Belle Plaine | 34 | 16 | 112.5% | $298,500 | $250,250 | 19.3% |
| Shakopee | 161 | 141 | 14.2% | $290,000 | $257,000 | 12.8% |
| New Prague | 17 | 12 | 41.7% | $270,000 | $301,500 | -10.4% |
Alerts Sign-up