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City / Town Overview

Shakopee, MN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Shakopee, MN real estate market currently shows 237 active listings, with 77 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 38 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43 days on market compared to 35 days last year.

The median listing price has fallen 15.6% year-over-year, from $497,375 to $419,950.

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Market Context

Market Context

Population: 48,318  ·  Density: 322.3/mi²  ·  Median household income: $103,278

Typical home value: $352,401  ·  Homeownership: 73.4%

Included Areas

Shakopee: 55379

Area Map

Market Overview

Active Listings
237
⇧ 19.1% vs 199 last year
Pending
77
32% pending ratio
Median Price
$419,950
⇩ 15.6% vs $497,375 last year
Average Price
$486,522
⇩ 8.9% vs $534,070 last year
Days on Market
43
⇧ 22.9% vs 35 days last year

Price Per Square Foot

Median $/sqft
$198
⇩ 1% vs $200/sqft last year
Median Home Size
2,137 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %