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Featured local agent — Shakopee, MN
Sarah Mitchell
Compass Real Estate · Shakopee, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shakopee, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$413,000median sale price
How is the Shakopee, MN housing market right now?
The median home sale price in Shakopee, MN is $413,000, up 5.4% year-over-year. Homes sell in an average of 27 days with 129 active listings. The market is currently a 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 Shakopee a buyer's or seller's market?
Shakopee, MN is currently a seller's market, based on 2.2 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
59
Last 12 weeks
Days on market
27
Average pace
Active listings
129
2.2 months supply
Sale-to-list
98.8%
Below asking
What does the Shakopee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $413,000 |
| Median list price | $415,000 |
| Year-over-year price change | +5.4% |
| Average days on market | 27 days |
| Active inventory | 129 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 59 |
| New listings (latest month) | 81 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Shakopee by property type?
How the Shakopee, 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 | $461,950 | $194/sq ft | 42 | 26 days |
| Condo / Co-op | $230,000 | $163/sq ft | 1 | 30 days |
| Townhouse | $282,000 | $171/sq ft | 16 | 25 days |
Source: Redfin · Updated monthly
The Shakopee housing market is currently classified as a seller's market with a median sale price of $413,000. Prices have risen 5.4% compared to last year, with homes spending an average of 27 days on market, indicating 2.2 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Shakopee
There are currently 129 homes listed for sale in Shakopee, Minnesota. The median listing price is $415K.
Active listings
129
Homes on market
Median list price
$415K
Avg. days on market
27
Days until sale
New this week
81
Newly listed
Who lives in Shakopee?
Population
45,002
Median income
$110,989/yr
Median age
35.5 years
Owner-occupied
76.8%
College grads
39.9%
Avg commute
22.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Shakopee?
Zillow home value
$412,597
Zillow rent index
$1,788/mo
Price-to-rent ratio
19.2x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Shakopee?
Shakopee is a community of approximately 45K residents with a median age of 35.5 years.The median household income is $110,989, which reflects a relatively affluent area with strong earning potential. 39.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 76.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Shakopee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shakopee?
19 schools tracked · 7,968 students
The largest public schools serving Shakopee, 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.
Shakopee High School
Grades 9-12 · 2,813 students
Shakopee West Middle School
Grades 6-8 · 898 students
Shakopee East Middle School
Grades 6-8 · 798 students
JACKSON ELEMENTARY
Grades K-5 · 701 students
EAGLE CREEK ELEMENTARY SCHOOL
Grades K-5 · 630 students
SWEENEY ELEMENTARY
Grades K-5 · 624 students
SUN PATH ELEMENTARY
Grades K-5 · 512 students
RED OAK ELEMENTARY
Grades PK-5 · 455 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 Shakopee, MN?
Want a head-to-head view? Compare Shakopee side-by-side with any other U.S. city using our market-comparison tool.
Is Shakopee a good real estate investment market?
For investors evaluating Shakopee, the price-to-rent ratio of 19.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.4% 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 Shakopee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Shakopee's median home price.
Frequently asked questions
What is the average home price in Shakopee?
The median home sale price in Shakopee is $413,000, up 5.4% from last year.
How long do homes stay on market in Shakopee?
Homes typically spend 27 days on market before going under contract.
What is the median income in Shakopee?
The median household income is $110,989 per year.
Is Shakopee a buyer's or seller's market?
With 2.2 months of supply, Shakopee is currently a seller's market.
What is the Zillow home value estimate for Shakopee?
The Zillow Home Value Index (ZHVI) for Shakopee is $412,597, representing the typical home value in the area.
What is the median condo price in Shakopee?
The median condo/co-op sale price in Shakopee, MN is $230,000, compared to $461,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Shakopee?
The median single-family home price in Shakopee, MN is $461,950 (about $194 per square foot).
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