Shakopee Housing Market Report May 2025•Scott County, Minnesota

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Shakopee is a Seller's Market

Difference Since May 2024

Since last year, Shakopee has remained a Seller's Market.

Insight

Shakopee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$387,750$195/SqFt
-$6,460
-1.6%

Based on all homes sold in the last 12 months

Insight

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

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Jackson Township
+34.5%
Eden Prairie
+2.2%
Prior Lake
+1.9%
Shakopee
-1.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$159K-
N/A
2$259.9K$260K
0.0%
3$355.5K$359.9K
+1.3%
4$460.6K$490.7K
+6.5%
5$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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange 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

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
44Last MonthMay 2025
632 months agoApr 2025
-30.2 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
23332
-3.0%
37173
+2.8%
46683
+25.8%
53346
+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?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price17 Homes

At Asking Price11 Homes

Under Asking Price16 Homes

Insight

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

Insight

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

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange 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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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.