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Saturday, November 2, 2024

The first quarter of 2022: Home prices in Belle Plaine increased

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The median sale price of a home sold in the first quarter of 2022 in Belle Plaine rose by $58,500 while total sales increased by 14.3%, according to BlockShopper.com.

From January through March of 2022, there were 24 homes sold, with a median sale price of $323,500 - a 22.1% increase over the $265,000 median sale price for the same period of the previous year. There were 21 homes sold in Belle Plaine in the first quarter of 2021.

The median sales tax in Belle Plaine for the most recent year with available data, 2019, was $3,090, approximately 1% of the median home sale price for the first quarter of 2022.

The following table compares Belle Plaine 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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