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Preforeclosure Homes in Shakopee, MN 55379

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Living in Shakopee, MN

Shakopee is a vibrant city located in Scott County, Minnesota. It offers a unique blend of suburban living with access to urban amenities, featuring a rich history, diverse dining options, and family-friendly entertainment. With numerous parks, recreational facilities, and a strong community spirit, Shakopee is ideal for families and individuals alike.

Current Market Conditions in Shakopee, MN

The real estate market in Shakopee remains robust with steady demand and limited inventory driving prices upward. Seasonally, homes pointed a slight increase in interest, particularly during summer months, indicative of families moving into the area for new schools and amenities.

With the addition of new developments, Shakopee is witnessing an increasing trend in home values, making it an attractive area for investors and first-time buyers. Additionally, affordable housing options are becoming more challenging as the market continues to be competitive.

Home Value Estimator For Shakopee, MN

There are currently 14,096 real estate properties in Shakopee, MN, with a median automated valuation model (AVM) price of $392,652.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shakopee, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Shakopee, MN, is $446,528.00, with the most expensive house in Shakopee, MN, topping out at $24,745,136.00 and the cheapest home in Shakopee, MN, clocking in at $50,547.00. In other words, there’s something for every potential homebuyer or savvy investor in Shakopee, MN!

Rent Prices In Shakopee, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shakopee, MN, is on a rollercoaster ride. The average rent price in Shakopee, MN, is $1,808.00. Indeed, when looking to rent in Shakopee, MN, you can expect to pay as little as $720.00 or as much as $4,160.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Shakopee, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Shakopee, MN 55379 Preforeclosure Homes


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