How did home prices perform in Elko New Market during the first half of 2021?

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The median sale price of a home sold in the first half of 2021 in Elko New Market rose by $46,450 while total sales increased by 5.9%, according to BlockShopper.com.

From January through June of 2021, there were 36 homes sold, with a median sale price of $375,000 - a 14.1% increase over the $328,550 median sale price for the same period of the previous year. There were 34 homes sold in Elko New Market in the first half of 2020.

The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 1% of the median home sale price for the first half of 2021.

The following table compares Elko New Market to other Scott County cities in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Elko New Market36345.9%$375,000$328,55014.1%
Prior Lake173203-14.8%$361,000$356,5001.3%
Savage163213-23.5%$353,000$301,75017%
Jordan4446-4.3%$335,000$283,50018.2%
Shakopee2532462.8%$300,000$275,0009.1%
New Prague3436-5.6%$288,000$254,45013.2%
Belle Plaine5254-3.7%$270,000$249,9508%

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