The city of Shakopee is located southwest of downtown Minneapolis. It is the county seat of Scott County with a population of about 37,076. Home of the Mdewakanton Dakota and the Minnesota Renaissance festival and Valleyfair amusement park.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Shakopee Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$212,000||$222,750||+5.1%|
|Days on the market||86||68||-20.9%|
|Months Supply of Inventory||3.2||2.4||-25.0%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Shakopee!
- With relatively few new homes for sale on the market, and the number of closed sales staying the same as last year, there is an INCREASE in the shortage of homes on the market. This is good news for sellers.
- When the months supply of inventory dips below 5, it is considered a seller’s market. In fact, there are fewer homes on the market in Shakopee now than there where a year ago.
- All in all, a strong real estate market if you have a home to sell.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Shakopee Real Estate Here
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