$4,845 Closing Credit*
$407,990
1,883 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Pulte Homes Of Minnesota, LLC
Is Shakopee, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Shakopee has remained a Seller's Market.
Key Takeaway
Shakopee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shakopee, MN
How much do homes in Shakopee, MN cost?
Median Sold Price
$394,400
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,400(+3.8%)
Key Takeaway
Homes in Shakopee have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Shakopee was $394,400 in October 2024, up 3.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | - | N/A |
| 2 Bedrooms | $256.5K | $260K | +1.4% |
| 3 Bedrooms | $333.5K | $356.8K | +7.0% |
| 4 Bedrooms | $463.1K | $480K | +3.6% |
| 5+ Bedrooms | $600K | $549.9K | -8.3% |
Summary: Shakopee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Prior Lake | $475K | $513K | +8.0% |
| Shakopee | $380K | $394.4K | +3.8% |
| Eden Prairie | $459.9K | $465K | +1.1% |
Housing Supply in Shakopee, MN
How many homes are available in Shakopee, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 199 | 229 | +15.1% |
Summary: The Shakopee real estate market had 229 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 38 | 43 | +13.2% |
| 3 Bedrooms | 68 | 84 | +23.5% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Shakopee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shakopee, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Shakopee in October 2024, down by 4.3% month-over-month. Of the 45 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Shakopee, MN
How long does it take to sell a home in Shakopee, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -6.6% |
Summary: Homes in Shakopee had an average of 26 days on market in Oct 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shakopee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Shakopee; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
