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Featured local agent — Savage, MN
Sarah Mitchell
Compass Real Estate · Savage, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Savage, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Savage, MN housing market right now?
The median home sale price in Savage, MN is $450,000, up 3.5% year-over-year. Homes sell in an average of 21 days with 57 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Savage a buyer's or seller's market?
Savage, MN is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
21
Average pace
Active listings
57
1.4 months supply
Sale-to-list
100.2%
Above asking
What does the Savage housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $457,450 |
| Year-over-year price change | +3.5% |
| Average days on market | 21 days |
| Active inventory | 57 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $183/sq ft |
| Homes sold (latest month) | 41 |
| New listings (latest month) | 49 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Savage by property type?
How the Savage, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $530,000 | $192/sq ft | 26 | 16 days |
| Condo / Co-op | $167,500 | $184/sq ft | 1 | 22 days |
| Townhouse | $325,000 | $177/sq ft | 15 | 32 days |
Source: Redfin · Updated monthly
The Savage housing market is currently classified as a strong seller's market with a median sale price of $450,000. Prices have risen 3.5% compared to last year, with homes spending an average of 21 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Savage
There are currently 57 homes listed for sale in Savage, Minnesota. The median listing price is $457K.
Active listings
57
Homes on market
Median list price
$457K
Avg. days on market
21
Days until sale
New this week
49
Newly listed
Who lives in Savage?
Population
32,706
Median income
$122,646/yr
Median age
37.4 years
Owner-occupied
84.3%
College grads
51.5%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Savage?
Zillow home value
$434,922
Zillow rent index
$1,979/mo
Price-to-rent ratio
18.3x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Savage?
Savage is a community of approximately 33K residents with a median age of 37.4 years.The median household income is $122,646, which reflects a relatively affluent area with strong earning potential. 51.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 26 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Savage offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Savage?
8 schools tracked · 6,820 students
The largest public schools serving Savage, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PRIOR LAKE HIGH SCHOOL
Grades 9-12 · 2,854 students
Eagle Ridge Middle School
Grades 6-8 · 644 students
ASPEN ACADEMY
Grades K-8 · 622 students
Hamilton Ridge Elementary School
Grades K-5 · 596 students
REDTAIL RIDGE ELEMENTARY SCHOOL
Grades K-5 · 560 students
HARRIET BISHOP ELEMENTARY
Grades PK-5 · 550 students
Glendale Elementary
Grades K-5 · 534 students
HIDDEN VALLEY ELEMENTARY
Grades PK-5 · 460 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Savage, MN?
Want a head-to-head view? Compare Savage side-by-side with any other U.S. city using our market-comparison tool.
Is Savage a good real estate investment market?
For investors evaluating Savage, the price-to-rent ratio of 18.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Savage's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Savage's median home price.
Frequently asked questions
What is the average home price in Savage?
The median home sale price in Savage is $450,000, up 3.5% from last year.
How long do homes stay on market in Savage?
Homes typically spend 21 days on market before going under contract.
What is the median income in Savage?
The median household income is $122,646 per year.
Is Savage a buyer's or seller's market?
With 1.4 months of supply, Savage is currently a strong seller's market.
What is the Zillow home value estimate for Savage?
The Zillow Home Value Index (ZHVI) for Savage is $434,922, representing the typical home value in the area.
What is the median condo price in Savage?
The median condo/co-op sale price in Savage, MN is $167,500, compared to $530,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Savage?
The median single-family home price in Savage, MN is $530,000 (about $192 per square foot).
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