Real Estate Market Update for Savage, MN
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 41% from one year earlier, and down 27% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold increased 32% year-over-year, and increased 38% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Savage, MN

Area Information for Savage, MN
  • Population: 31,971
  • Median Age: 37.51 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 2,045/sq mi
  • Population Change Since 2000: 51.41%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Rasmussen College-bloomington Campus
  • Closest Jr. College: Normandale Community College
  • Median Household Income: $99,351
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $322,000
  • Closest Major Sports Team: Minnesota Lynx
  • Change Avg. Household Income Since 2000: 41.7%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Savage, MN
Median Age: 37.51 Married: 49% Number of Households: 10,875 Households with Children: 4,670
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Savage, MN

      School Name Distance Type Grades School Rating Parent Rating
      Eagle Ridge Middle School 0.7 mi Public 6-8 2 0
      Hidden Valley Elementary School 0.7 mi Public K-5 1 0
      Harriet Bishop Elementary School 1.6 mi Public K-5 4 0
      Southview Christian School 1.9 mi Private PRESCHOOL-8 0 0
      Glendale Elementary School 2.0 mi Public K-5 4 0
      St John The Baptist Catholic School 2.1 mi Catholic PRESCHOOL-8 0 0
      M.w. Savage Elementary School 2.1 mi Public K-5 1 0
      Good Shepherd Lutheran School 2.3 mi Private PRESCHOOL-8 0 0
      Redtail Ridge Elementary School 2.6 mi Public K-5 4 0
      Primrose School Of Savage 2.8 mi Private PRESCHOOL-K 0 0
      Prior Lake High School 3.1 mi Public 9-12 4 4
      Aspen Academy 3.4 mi Public K-8 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Savage, MN
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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