January 2021: Home prices in Shakopee fell

Medium realestate077

The median sale price of a home sold in January 2021 in Shakopee fell by $45,000 while total sales decreased by 37.8%, according to BlockShopper.com.

In January 2021, there were 23 homes sold, with a median sale price of $250,000 - a 15.3% decrease over the $295,000 median sale price for the same period of the previous year. There were 37 homes sold in Shakopee in January 2020.

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 January 2021.

The following table compares Shakopee to other Scott County cities in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
New Prague24-50%$339,000$191,28877.2%
Prior Lake1832-43.8%$323,700$339,924.50-4.8%
Elko New Market36-50%$306,500$274,55011.6%
Belle Plaine770%$278,000$195,00042.6%

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