Shakopee Real Estate Market Report: September 2025
In September 2025, the median sale price in Shakopee was $380,000, down 9.6% from a year earlier.
- Median Sales Price
- $380,000
- -9.6% vs. September 2024
- Homes for Sale
- 178
- +10.6% vs. September 2024
- Months Supply
- 3.1
- +3.3% vs. September 2024
- Balanced market
- Days on Market
- 33
- -10.8% vs. September 2024
- Closed Sales
- 69
- +23.2% vs. September 2024
- Percent of Original List Received
- 98.7%
- +0.3 pts vs. September 2024
What this means
The median sale price has decreased by 10% from last year to $380,000, 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 4 days more quickly than last year, averaging 33 days on market, and sellers are receiving 98.7% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is up 11% from last year to 178 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.
Common questions about the Shakopee market
Is Shakopee a buyer's or seller's market?
Shakopee was a balanced market in September 2025, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 178 homes for sale.
How fast are homes selling in Shakopee?
Homes that sold in September 2025 spent an average of 33 days on market, 4 days faster than a year earlier. Sellers received 98.7% of their original list price on average.
Are home prices going up in Shakopee?
No. The median sale price fell 9.6% year over year to $380,000. Price per square foot moved in the same direction (from $195 to $189), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Shakopee
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $397,165 | 63 | 32 | 2.9 |
| 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 |
How Shakopee compares with the Twin Cities region
In September 2025, the median sale price in Twin Cities (16-County Region) was $390,000, up 2.6% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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