John Canny
Shakopee, MN 55379
Single-Family Homes
The Canny Group | John@TheCannyGroup | 952-221-2818 | Licensed Real Estate Agent in Minnesota & Wisconsin
Shakopee, MN 55379
Tue Jun 09 2026
This week the median list price for Shakopee, MN 55379 is $539,317 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has increased to 116.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $539,317 | |
| Median Price of New Listings | $525,000 | |
| Per Square Foot | $224 | |
| Average Days on Market | 80 | |
| Median Days on Market | 35 | |
| Price Decreased | 31% | |
| Price Increased | 3% | |
| Relisted | 16% | |
| Inventory | 116 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $675,870 | 3,109 | 0.25 - 0.5 acre | 5 | 3.5 | 1 | 4 | 1 | 35 |
| $570,815 | 2,508 | 0.25 - 0.5 acre | 4 | 3 | 0 | 2 | 3 | 42 |
| $499,990 | 1,988 | 8,000 - 10,000 sqft | 4 | 3 | 0 | 3 | 5 | 28 |
| $375,000 | 1,654 | 4,500 - 6,500 sqft | 3 | 2.5 | 23 | 6 | 4 | 14 |