The median sale price of a home sold in 2021 in Elko New Market rose by $37,000 while total sales increased by 2.6%, according to BlockShopper.com.
From January through December of 2021, there were 79 homes sold, with a median sale price of $380,000 - a 10.8% increase over the $343,000 median sale price for the previous year. There were 77 homes sold in Elko New Market in 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 2021.
The following table compares Elko New Market to other Scott County cities in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elko New Market | 79 | 77 | 2.6% | $380,000 | $343,000 | 10.8% |
| Prior Lake | 475 | 458 | 3.7% | $375,000 | $363,000 | 3.3% |
| Savage | 471 | 440 | 7% | $360,000 | $325,000 | 10.8% |
| Jordan | 95 | 91 | 4.4% | $335,000 | $295,500 | 13.4% |
| Shakopee | 662 | 563 | 17.6% | $310,000 | $271,500 | 14.2% |
| New Prague | 75 | 72 | 4.2% | $291,500 | $272,500 | 7% |
| Belle Plaine | 129 | 102 | 26.5% | $285,000 | $250,750 | 13.7% |
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