Shakopee Real Estate Market Reports
Published monthly figures and local context for Shakopee.
Latest published report
August 2026
In August 2026, the median sale price in Shakopee was $460,000, up 11.4% from a year earlier.
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.
Market trends in Shakopee
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $420,483 | 56 | 37 | 3 |
| October 2024 | $375,000 | 54 | 32 | 3.1 |
| November 2024 | $400,000 | 47 | 39 | 3 |
| December 2024 | $395,790 | 53 | 54 | 2.8 |
| January 2025 | $454,950 | 31 | 71 | 2.7 |
| February 2025 | $401,495 | 44 | 55 | 2.9 |
| March 2025 | $412,000 | 55 | 43 | 2.5 |
| April 2025 | $390,250 | 70 | 51 | 2.5 |
| May 2025 | $449,900 | 61 | 33 | 3 |
| June 2025 | $373,500 | 66 | 34 | 3.1 |
| July 2025 | $396,000 | 59 | 39 | 3.3 |
| August 2025 | $412,994 | 76 | 43 | 3.3 |
| September 2025 | $380,000 | 69 | 33 | 3.1 |
| October 2025 | $408,000 | 54 | 42 | 3 |
| November 2025 | $474,900 | 33 | 66 | 2.8 |
| December 2025 | $460,000 | 69 | 54 | 2.4 |
| January 2026 | $382,250 | 36 | 53 | 2.6 |
| February 2026 | $424,995 | 32 | 53 | 2.8 |
| March 2026 | $376,295 | 40 | 66 | 2.6 |
| April 2026 | $421,500 | 53 | 55 | 2.9 |
| May 2026 | $415,000 | 66 | 45 | 2.9 |
| June 2026 | $445,995 | 98 | 48 | 3.1 |
| July 2026 | $419,995 | 78 | 39 | 3.5 |
| August 2026 | $460,000 | 57 | 32 | 3.5 |
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Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.