The median sale price of a home sold in the first half of 2020 in Savage rose by $4,250 while total sales decreased by 27.4%, according to BlockShopper.com.
From January through June of 2020, there were 183 homes sold, with a median sale price of $300,000 - a 1.4% increase over the $295,750 median sale price for the same period of the previous year. There were 252 homes sold in Savage in the first half of 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 the first half of 2020.
The following table compares Savage to other Scott County cities in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prior Lake | 182 | 243 | -25.1% | $349,500 | $335,000 | 4.3% |
| Elko New Market | 33 | 47 | -29.8% | $328,000 | $324,000 | 1.2% |
| Savage | 183 | 252 | -27.4% | $300,000 | $295,750 | 1.4% |
| Jordan | 43 | 67 | -35.8% | $283,000 | $275,000 | 2.9% |
| Shakopee | 215 | 328 | -34.5% | $279,500 | $245,500 | 13.8% |
| New Prague | 32 | 53 | -39.6% | $253,500 | $239,900 | 5.7% |
| Belle Plaine | 50 | 72 | -30.6% | $250,000 | $255,000 | -2% |
Alerts Sign-up