Is Shakopee, MN 55379 a buyer’s or seller’s market?
Shakopee is a seller’s market. With about 2.2 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score67/ 100
More competitive than 71% of U.S. ZIP codes, and #154 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.2Under 4 months = seller’s market
Sold above original list27.3%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$201▲ +3.9% vs. last year
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Nearby markets
Belle Plaine 56011Seller’s market $175 /sq ftElko New Market 55020Balanced $211 /sq ftElko New Market 55054Seller’s market $196 /sq ftJordan 55352Seller’s market $200 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology