Prior Lake home prices rise in January 2020

Medium realestate3

The median sale price of a home sold in January 2020 in Prior Lake rose by $67,050 while total sales increased by 50%, according to BlockShopper.com.

In January 2020, there were 24 homes sold, with a median sale price of $379,500 - a 21.5% increase over the $312,450 median sale price for the same period of the previous year. There were 16 homes sold in Prior Lake in January 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1% of the median home sale price for January 2020.

The following table compares Prior Lake 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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