Elko New Market home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Elko New Market rose by $61,000 while total sales decreased by 25%, according to BlockShopper.com.

In September 2020, there were six homes sold, with a median sale price of $362,000 - a 20.3% increase over the $301,000 median sale price for the same period of the previous year. There were eight homes sold in Elko New Market in September 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 September 2020.

The following table compares Elko New Market to other Scott County cities in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Elko New Market68-25%$362,000$301,00020.3%
Prior Lake3455-38.2%$360,000$348,0003.4%
Belle Plaine1012-16.7%$251,750$230,0009.5%
New Prague5366.7%$232,000$235,000-1.3%

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