Shakopee home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Shakopee rose by $62,500 while total sales decreased by 20.5%, according to BlockShopper.com.

In January 2020, there were 31 homes sold, with a median sale price of $310,000 - a 25.3% increase over the $247,500 median sale price for the same period of the previous year. There were 39 homes sold in Shakopee in January 2019.

The median sales tax in Shakopee for the most recent year with available data, 2019, was $3,086, approximately 1% of the median home sale price for January 2020.

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

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Prior Lake
24
16
50%
$379,500
$312,450
21.5%
Jordan
6
12
-50%
$320,000
$229,650
39.3%
Shakopee
31
39
-20.5%
$310,000
$247,500
25.3%
Savage
30
14
114.3%
$286,450
$290,000
-1.2%
Elko New Market
5
9
-44.4%
$220,000
$305,000
-27.9%
Belle Plaine
5
5
0%
$195,000
$239,900
-18.7%
New Prague
4
9
-55.6%
$191,288
$171,500
11.5%

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