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Shakopee Market Report

$698,653

AVERAGE PRICE OF 212 HOMES

$398,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$4,094,908

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$573,016

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$267,425

AVERAGE PRICE OF 4 HOMES WITH A POOL

$488,621

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $698,653
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.75 baths

Average Price by Bedrooms

2 bedrooms $295,625
3 bedrooms $417,515
4 bedrooms $562,609
5 bedrooms $676,773
Shakopee Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 225 238 241 241 247
Average Price $640,193 $589,377 $600,855 $608,249 $607,336
Avg Price Change +8.62% -1.95% -1.23% +0.15% +5.93%
Median Price $493,683 $470,274 $459,428 $475,740 $477,780
Med Price Change +4.98% +2.36% -3.55% -0.43% +0.34%
Avg Bedrooms 3.31 beds 3.32 beds 3.26 beds 3.38 beds 3.37 beds
Avg Bathrooms 2.74 baths 2.74 baths 2.71 baths 2.73 baths 2.74 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 212 $698,653 91 days
Distressed Homes 2 $398,000 40 days
Multi-Million Dollar Homes 13 $4,094,908 227 days
Newly Built Homes 121 $573,016 84 days
Homes with a Pool 4 $267,425 83 days
Reduced Price Homes 15 $488,621 72 days
Chad Schwendeman Real Estate Group brokered by eXp Realty
Chad Schwendeman
7153 Forthun Road, Suite 120
Baxter, MN 56425
218-851-8550

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Exit Lakes Realty Premier are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated January 17, 2025
Based on information submitted to the MLS GRID as of January 17, 2025 3 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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