Falling home prices in Savage in August 2021

Medium realestate2

The median sale price of a home sold in August 2021 in Savage fell by $30,000 while total sales decreased by 18.9%, according to BlockShopper.com.

In August 2021, there were 43 homes sold, with a median sale price of $360,000 - a 7.7% decrease over the $390,000 median sale price for the same period of the previous year. There were 53 homes sold in Savage in August 2020.

The median sales tax in Savage for the most recent year with available data, 2019, was $3,760, approximately 1% of the median home sale price for August 2021.

The following table compares Savage to other Scott County cities in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Prior Lake4347-8.5%$419,900$345,00021.7%
Elko New Market26-66.7%$321,200$379,000-15.3%
New Prague89-11.1%$300,100$280,0007.2%
Belle Plaine12771.4%$300,000$282,0006.4%

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