Shakopee home prices rise in October 2020

Medium re 4

The median sale price of a home sold in October 2020 in Shakopee rose by $4,050 while total sales decreased by 40.3%, according to BlockShopper.com.

In October 2020, there were 40 homes sold, with a median sale price of $263,950 - a 1.6% increase over the $259,900 median sale price for the same period of the previous year. There were 67 homes sold in Shakopee in October 2019.

The median sales tax in Shakopee for the most recent year with available data, 2019, was $3,086, approximately 1.2% of the median home sale price for October 2020.

The following table compares Shakopee to other Scott County cities in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Elko New Market713-46.2%$370,000$295,00025.4%
Prior Lake2445-46.7%$364,500$420,000-13.2%
Savage2442-42.9%$322,000$309,5004%
New Prague59-44.4%$293,000$259,90012.7%
Jordan410-60%$284,950$284,9500%
Shakopee4067-40.3%$263,950$259,9001.6%
Belle Plaine613-53.8%$240,000$234,0002.6%

Blockshopper green logo