Savage home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Savage fell by $3,550 while total sales increased by 114.3%, according to BlockShopper.com.

In January 2020, there were 30 homes sold, with a median sale price of $286,450 - a 1.2% decrease over the $290,000 median sale price for the same period of the previous year. There were 14 homes sold in Savage in January 2019.

The median sales tax in Savage for the most recent year with available data, 2019, was $3,760, approximately 1.3% of the median home sale price for January 2020.

The following table compares Savage to other Scott County cities in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Prior Lake241650%$379,500$312,45021.5%
Jordan612-50%$320,000$229,65039.3%
Shakopee3139-20.5%$310,000$247,50025.3%
Savage3014114.3%$286,450$290,000-1.2%
Elko New Market59-44.4%$220,000$305,000-27.9%
Belle Plaine550%$195,000$239,900-18.7%
New Prague49-55.6%$191,288$171,50011.5%

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