Shakopee home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Shakopee rose by $27,000 while total sales decreased by 33.7%, according to BlockShopper.com.

From July through September of 2020, there were 161 homes sold, with a median sale price of $280,000 - a 10.7% increase over the $253,000 median sale price for the same period of the previous year. There were 243 homes sold in Shakopee in the third quarter of 2019.

The median sales tax in Shakopee for the most recent year with available data, 2019, was $3,086, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Shakopee to other Scott County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Jordan2326-11.5%$368,000$287,45028%
Prior Lake126181-30.4%$360,000$335,0007.5%
Elko New Market2627-3.7%$352,950$297,00018.8%
Savage120182-34.1%$345,950$290,00019.3%
Shakopee161243-33.7%$280,000$253,00010.7%
New Prague24240%$277,450$242,40014.5%
Belle Plaine3153-41.5%$270,000$240,00012.5%

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