From January through March of 2022, there were 10 homes sold, with a median sale price of $397,500 - a 16.2% increase over the $342,000 median sale price for the same period of the previous year. There were 13 homes sold in Elko New Market in the first quarter of 2021.
The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1% of the median home sale price for the first quarter of 2022.
The following table compares Elko New Market to other Scott County cities in the first quarter of 2022:
| City | Jan. - Mar. 2022 Home Sales | Jan. - Mar. 2021 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2022 Median Sales Price | Jan. - Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 10 | 13 | -23.1% | $397,500 | $342,000 | 16.2% |
| Prior Lake | 62 | 62 | 0% | $382,500 | $328,700 | 16.4% |
| Savage | 79 | 51 | 54.9% | $355,000 | $320,000 | 10.9% |
| Jordan | 20 | 12 | 66.7% | $348,000 | $281,750 | 23.5% |
| Belle Plaine | 24 | 21 | 14.3% | $323,500 | $265,000 | 22.1% |
| Shakopee | 92 | 89 | 3.4% | $292,500 | $260,000 | 12.5% |
| New Prague | 7 | 13 | -46.2% | $280,000 | $323,000 | -13.3% |
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