Savage, MN housing market
The typical Savage home is worth about $428,000, up 1.4% in a year, 22% above the Minnesota typical home. Homes typically sell in 21 days, close to asking.
Home values, sales, trends and how Savage compares with the towns next door — updated as new data is published.
Savage at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Savage | Minnesota |
|---|---|---|
| 2017 | $281,000 | $217,000 |
| 2018 | $295,000 | $232,000 |
| 2019 | $311,000 | $246,000 |
| 2020 | $324,000 | $259,000 |
| 2021 | $353,000 | $282,000 |
| 2022 | $399,000 | $313,000 |
| 2023 | $410,000 | $325,000 |
| 2024 | $413,000 | $331,000 |
| 2025 | $422,000 | $341,000 |
| 2026 | $429,000 | $349,000 |
| August 2026 | $428,000 | $351,000 |
Savage and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Savage | $428K | +1.4% | 21 | $125,513 |
| Credit River | — | — | 14 | $143,125 |
| Bloomington | $362K | +1.3% | 18 | $93,211 |
| Burnsville | $369K | +2.4% | 19 | $87,024 |
| Prior Lake | $530K | +1.8% | 30 | $134,255 |
| Shakopee | $405K | +1.1% | 27 | $107,223 |
3.4 years of income
The typical Savage home costs about 3.4 years of the town's median household income, less than across Minnesota (3.9 years).
How Savage ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.