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Sunday, December 22, 2024

Pricing for the median home in New Prague decreased during the first quarter of 2022

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The median sale price of a home sold in the first quarter of 2022 in New Prague fell by $43,000 while total sales decreased by 46.2%, according to BlockShopper.com.

From January through March of 2022, there were seven homes sold, with a median sale price of $280,000 - a 13.3% decrease over the $323,000 median sale price for the same period of the previous year. There were 13 homes sold in New Prague in the first quarter of 2021.

The median sales tax in New Prague for the most recent year with available data, 2019, was $3,022, approximately 1.1% of the median home sale price for the first quarter of 2022.

The following table compares New Prague to other Scott County cities in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median Sales PriceJan. - Mar. 2021 Median Sales Price% change (Median Sales Price)
Elko New Market1013-23.1%$397,500$342,00016.2%
Prior Lake62620%$382,500$328,70016.4%
Savage795154.9%$355,000$320,00010.9%
Jordan201266.7%$348,000$281,75023.5%
Belle Plaine242114.3%$323,500$265,00022.1%
Shakopee92893.4%$292,500$260,00012.5%
New Prague713-46.2%$280,000$323,000-13.3%

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