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Spring Lake

SHAKOPEE, MN 55379

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55379

Spring Lake

Market Analysis

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

The SHAKOPEE, MN real estate market (55379) currently shows 168 active listings, with 79 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 25 days on market compared to 32 days last year.

The median listing price has fallen 2.4% year-over-year, from $521,934 to $509,216.

Whether you are buying or selling in SHAKOPEE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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%

Market Overview

Active Listings
168
⇩ 0.6% vs 169 last year
Pending
79
47% pending ratio
Median Price
$509,216
⇩ 2.4% vs $521,934 last year
Average Price
$525,635
⇧ 0.7% vs $522,156 last year
Days on Market
25
⇩ 21.9% vs 32 days last year

Price Per Square Foot

Median $/sqft
$206
⇩ 3.7% vs $214/sqft last year
Median Home Size
2,381 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 168 this year vs 169 last year
  • Days on market: 25 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $509,216 (-2.4% YoY)
  • Average: $525,635 (+0.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.5 miles — 890 listings ($796,498,572 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55379Shakopee, MN 553790.0 mi155$81,939,975$511,348$528,645
55318Chaska, MN 553187.1 mi121$90,899,072$667,505$751,232
55372Prior Lake, MN 553727.4 mi117$109,222,893$749,431$933,529
55352Jordan, MN 553527.7 mi42$26,777,730$494,230$637,565
55315Carver, MN 553158.6 mi32$20,653,312$539,205$645,416
55346Eden Prairie, MN 553468.7 mi21$13,736,478$525,000$654,118
55386Victoria, MN 5538610.1 mi31$21,498,097$654,400$693,487
55331Excelsior, MN 5533111.1 mi124$286,156,412$1,740,239$2,307,713
55431Minneapolis, MN 5543111.2 mi27$10,739,844$385,500$397,772
55337Burnsville, MN 5533712.0 mi100$31,582,700$299,950$315,827
55435Minneapolis, MN 5543512.1 mi49$17,061,849$172,450$348,201
55420Minneapolis, MN 5542013.0 mi30$9,347,010$334,950$311,567
55424Minneapolis, MN 5542413.5 mi41$76,883,200$1,878,750$1,875,200

Frequently Asked Questions

How many homes are for sale in SHAKOPEE, MN 55379?

As of March 2026, there are 168 active listings in SHAKOPEE, MN (zip code 55379), compared to 169 the prior year.

What is the median home price in SHAKOPEE, MN 55379?

The median listing price in SHAKOPEE, MN 55379 is $509,216 as of March 2026, a 2.4% decrease from $521,934 the prior year.

How long do homes stay on the market in SHAKOPEE, MN?

Homes in SHAKOPEE, MN 55379 spend an average of 25 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in SHAKOPEE, MN 55379?

Based on current inventory and days-on-market data as of March 2026, SHAKOPEE, MN 55379 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 25 days on market compared to 32 days last year.

How much can I save on real estate commission in SHAKOPEE, MN?

With SELL123.com's maximum 3% commission, sellers in SHAKOPEE, MN 55379 save an estimated $10,184 compared to a typical 5% commission on the median listing price of $509,216. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.