#6733407, Listing office: Refuge Realty
Shakopee Housing Market Report May 2025•Scott County, Minnesota
Housing Prices in Shakopee, MN
How much do homes in Shakopee, MN cost?
Housing Market Conditions
Is Shakopee, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Shakopee is a Seller's Market
Difference Since May 2024
Since last year, Shakopee has remained a Seller's Market.
Shakopee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Shakopee have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Shakopee was $387,750 in May 2025, down 1.6% from last year, and the median price per square foot was $195.
Median Sold Price By Cities
City | May 2024 | May 2025 | Change YoY |
---|---|---|---|
Jackson Township | $174.5K | $234.7K | +34.5% |
Eden Prairie | $459.3K | $469.4K | +2.2% |
Prior Lake | $495.6K | $505K | +1.9% |
Shakopee | $394.2K | $387.7K | -1.6% |
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $159K | - | N/A |
22 Bedrooms | $259.9K | $260K | 0.0% |
33 Bedrooms | $355.5K | $359.9K | +1.3% |
44 Bedrooms | $460.6K | $490.7K | +6.5% |
55+ Bedrooms | $590K | $545.8K | -7.5% |
Summary: Shakopee housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.3%. The home price for 4 bedroom homes increased by +6.5%. The home price for 5 bedroom homes decreased by -7.5%.
How does Shakopee, MN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Shakopee, MN
Housing supply in Shakopee, MN
How many homes are available in Shakopee, MN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
234Last MonthMay 2025 | ||
2032 months agoApr 2025 | +15.3 % Change MoMApr – May |
Summary: The Shakopee real estate market had 234 homes for sale in May 2025, a 15.3 % increase compared to Apr 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
44Last MonthMay 2025 | ||
632 months agoApr 2025 | -30.2 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 33 | 32 | -3.0% |
33 Bedrooms | 71 | 73 | +2.8% |
44 Bedrooms | 66 | 83 | +25.8% |
55+ Bedrooms | 33 | 46 | +39.4% |
Summary: Shakopee housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -3.0%. The inventory for 3 bedroom homes increased by +2.8%. The inventory for 4 bedroom homes increased by +25.8%. The inventory for 5 bedroom homes increased by +39.4%.
Asking Price vs. Sold Price
How much do homes in Shakopee, MN cost?
Over Asking Price17 Homes
At Asking Price11 Homes
Under Asking Price16 Homes
If you're buying a home in Shakopee, you could pay more than the asking price. 38.6% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Shakopee in May 2025, down by 30.2% month-over-month. Of the 44 sold homes, 36% were sold under asking, 25% were sold at asking, and and 39% were sold over asking.
Days on Market for Shakopee, MN
How long does it take to sell a home in Shakopee, MN?
Breakdown of Home Sale Times
Under 30 Days32 Homes
30 – 90 Days12 Homes
Over 90 Days0 Home
Many homes in Shakopee are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 44 homes were sold in Shakopee; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
23 DaysThis YearMay 2025 | ||
23 Days1 year agoMay 2024 | -1.2 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Shakopee had an average listing age of 23 days in May 2025, down by 1.2% compared to the previous year.
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Newest Listings in Shakopee, MN
What homes are available in Shakopee, MN?
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MLS Disclaimers and Copyright
Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 06/01/2023 - 06/01/2025


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Last updated on: 6/5/2025, 12:52:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.