Elko New Market home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Elko New Market rose by $10,100 while total sales decreased by 40%, according to BlockShopper.com.

From April through June of 2020, there were 18 homes sold, with a median sale price of $340,100 - a 3.1% increase over the $330,000 median sale price for the same period of the previous year. There were 30 homes sold in Elko New Market in the second quarter of 2019.

The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1.1% of the median home sale price for the second quarter of 2020.

The following table compares Elko New Market to other Scott County cities in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Prior Lake95166-42.8%$350,000$344,2501.7%
Elko New Market1830-40%$340,100$330,0003.1%
Belle Plaine2944-34.1%$254,500$258,000-1.4%
New Prague1530-50%$253,000$239,9505.4%

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