Homes for Sale in Shakopee, MN

Here is where the Shakopee market stood in August 2026. The median sale price has increased by 11% from last year to $460,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling. Homes are selling 11 days more quickly than last year, averaging 32 days on market, and sellers are receiving 97.7% of their original asking price. The area is currently a balanced market with 3.5 months of supply. Active inventory is up 12% from last year to 208 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Shakopee, homes were most commonly built in 2000-2009, about 75% of occupied homes are owner-occupied, and the average commute is 22 minutes. Roughly 58% of homes are single-family detached, and the median home was built in 1999.

Homeowners with a mortgage typically spend $2,251 a month on housing costs, higher than the Twin Cities metro and the median property tax bill is $3,700 a year.