Shakopee, MN Foreclosures
How much do homes sell for in Shakopee, MN?
The average home price is currently $440,397.
In Shakopee, MN, how many homes are available?
There are currently 87 active home listings available in Shakopee.
What’s the average rental cost in Shakopee, MN?
The average rental price in Shakopee is $1,808.
What is the most expensive home in Shakopee?
The most expensive home sold in Shakopee had a price of $24,450,126.
What is currently the cheapest priced home in Shakopee, MN?
The cheapest home for sale in Shakopee is priced at $49,032.
Living in Shakopee, MN
Shakopee, Minnesota is a thriving community with a rich history and strong family-centered values. It offers excellent schools, abundant recreational opportunities, and a close-knit atmosphere that welcomes both newcomers and long-time residents. Proximity to the Twin Cities adds to its relevance for commuters and urban adventurers alike.
Current Market Conditions in Shakopee, MN
The real estate market in Shakopee has demonstrated consistent growth over the past several years. With a combination of newer developments and established neighborhoods, buyers have a wide range of options from single-family homes to townhomes. Prices have steadily increased, driven by demand from families and individuals looking for a suburban lifestyle close to the urban conveniences of Minneapolis-St. Paul.
Investors have also taken notice of Shakopee's potential, as the area continues to grow. New retail developments, job opportunities, and infrastructure improvements contribute to a strong market environment. Young professionals, families, and retirees alike are drawn to the charm of Shakopee, enhancing its desirability as a prime location for real estate investment.
Home Value Estimator For Shakopee, MN
There are currently 14,150 real estate properties
in Shakopee, MN,
with a median automated valuation model (AVM) price
of $386,291.00. 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 $440,397.00, with the most expensive house
in Shakopee, MN, topping out
at $24,450,126.00 and the cheapest home
in Shakopee, MN,
clocking in at $49,032.00. 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.
Learn more on Foreclosure homes
