Rising home prices in Elko New Market in April

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The median sale price of a home sold in April in Elko New Market rose by $63,950 while total sales decreased by 14.3 percent, according to BlockShopper.com.

In April, there were six homes sold, with a median sale price of $443,950 - a 16.8 percent increase over the $380,000 median sale price for the same period of the previous year. There were seven homes sold in Elko New Market in April 2021.

The median sales tax in Elko New Market for the most recent year with available data, 2019, was $3,841, approximately 0.9 percent of the median home sale price for April.

The following table compares Elko New Market to other Scott County cities in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Elko New Market67-14.3$443,950$380,00016.8
Prior Lake3642-14.3$395,000$421,900-6.4
Belle Plaine12933.3$345,000$285,00021.1
New Prague910-10$294,800$210,00040.4

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