Shakopee Real Estate

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Shakopee Real Estate & Homes for Sale in Minnesota

Nestled in the southwestern corner of the Twin Cities metropolitan area is the community of Shakopee. The town is named for Chief Shakopee of the Santee tribe of Dakota Sioux, who once resided in the Minnesota River Valley. More than 22,000 Shakopee residents enjoy a lively small-town atmosphere and the convenience of living within 23 miles of Minneapolis. Located in Scott County - the eighth fastest growing county in the United States -- the city boasts a thriving downtown business district, a regional medical center, an outstanding public school district and affordable housing. Surrounded by a spectacular natural panorama of Ponderosa pines, mature hardwoods and abundant wetlands, Shakopee real estate also offers proximity to the mighty Minnesota River. The city’s ideal location draws more than four million visitors each year, who come to drink in the area’s spectacular natural beauty and enjoy the abundant entertainment options. Amusement park thrills, casino-style gaming, exciting cultural events, fast-paced horseracing and championship golf can be found throughout the city. Shakopee is also home to many fascinating educational and historic sites. The Three Rivers Park District, located in the suburban Minneapolis/St. Paul metro area, maintains more than 27,000 acres of park reserves, regional parks, trails and special-use facilities. In Shakopee alone, there are 11 beautifully landscaped parks on 159 green acres. Shakopee Public Schools serve more than 4,200 students in and around the community. Shakopee Junior High School has been honored as a U.S. Department of Education “School of Excellence.” Real estate options are diverse.


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Price Range of Shakopee Houses

Shakopee real estate for sale is surrounded by unparalleled scenery and panoramic views. The housing market is varied and offers housing options to suit all price ranges. Many newly constructed single-family detached homes for sale are available in new neighborhoods nestled against a backdrop of Ponderosa pines and pristine wetlands. Beautiful 3-4 bedroom luxury homes and estates for sale offer golf course frontage and/or incredible views of the Twin Cities’ skyline. Single-family homes range from the high $100,000s to the high $800,000s. Some Shakopee real estate is more than $1.5 million and feature luxurious amenities and substantial acreage. Desirable new-home construction in Meadow Wood II and Monarch Estates start in the low $200,000s, while lovely estates on one-acre wooded lots are for sale from $500,000+. Some houses feature creek or river frontage. A limited number of townhouses and condominiums are available for sale from the mid-$100,000s - $450,000. Custom homes development is an option with the purchase of land lots.

Shakopee Real Estate Stats and Trends for the week of April 16th, 2020: homes priced around $463,688 compared to $464,313 the previous week, for a slight decrease of less than -1%.  For Thursday, April 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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