Home prices increased in Savage during April

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The median sale price of a home sold in April in Savage rose by $77,400 while total sales decreased by 40 percent, according to BlockShopper.com.

In April, there were 21 homes sold, with a median sale price of $417,400 - a 22.8 percent increase over the $340,000 median sale price for the same period of the previous year. There were 35 homes sold in Savage in April 2021.

The median sales tax in Savage for the most recent year with available data, 2019, was $3,760, approximately 0.9 percent of the median home sale price for April.

The following table compares Savage 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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