Photo: Tpdwkouaa · CC BY-SA 4.0370 homes sold in Savage in the last year, at a typical $432K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Savage homes are listed.
Every place Savage homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Savage.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 69% of Savage’s sales, at a typical $470K
370 homes sold in the year to May 2026.
typical sale · 255 sold in 12 months
- Per square foot
- $191MN $191
- Days to sell
- 29
- Sold over asking
- 36%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 1 sold, typical $471K
Townhouses: 113 sold, typical $347K
Condos: 1 sold, typical $168K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.6 times the 2016 price
370 sales in the last year, against 728 in 2020 and a low of 368 in 2023. The typical sale went from $269K in 2016 to $432K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Savage
Check a listing against what Savage homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Savage are rarer than before the pandemic, but half fewer homes come up for sale
We read every month of Savage’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 370 sales.
If you’re buying in Savage
- Shop in March. It brings about 65 new listings a month, close to the busiest month, with fewer bidding wars (41% over asking).
- You can negotiate. 31% of listings have cut their price, against 20% before the pandemic.
- Bid near asking. Buyers paid 99.8% of the list price on average; 30% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 33 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 76 a month), but June is the most competitive: 48% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (41%). January has the least competition (27%) but only about 33 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Savage now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 37% | 68% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 47% | 68% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 31% | 20% | 16% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.8% | 100% | 103.3% | 99.2% |
| Days to sellMedian days from listing to contract | 33 | 30 | 13 | 35 |
66 homes for sale on a typical day
That’s 1.4 times the 2023 low (46), 49% fewer than in 2017–19 and well under 2012’s 180.
1 in 3 listings has cut its price
31% in the last year, against 20% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Savage ranks 93rd of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Savage is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Savage home costs about $2,625 a month
Price: Savage’s typical sale, last 12 months. Property tax at Savage’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Savage is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 20.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $432K home, about $4,450 a year.
Taxes vs. neighborsSchools
The schools grade for Savage, from test results, graduation and how much students grow.
Schools in SavageCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Burnsville sells for less a square foot; Credit River for far more
The busier markets within 25 miles of Savage, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Bloomington | 1,000 | $374K | $198 | 43% | 22 |
| Eden Prairie | 715 | $504K | $209 | 33% | 30 |
| Shakopee | 670 | $413K | $193 | 27% | 37 |
| Burnsville | 653 | $387K | $175 | 42% | 28 |
| Prior Lake | 409 | $477K | $197 | 26% | 38 |
| Savage | 370 | $432K | $186 | 30% | 33 |
| Credit River | 53 | $919K | $233 | 30% | 41 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Savage, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Savage. People who follow the town see it, and so do people comparing Savage with their own town. No commission, no listing fee.
Questions about buying a home in Savage
What do homes sell for in Savage, MN?
370 homes sold in the year to May 2026 at a typical $432K, $186 a square foot.
Is Savage a buyer’s or seller’s market?
A seller’s market: 57 homes were for sale in May 2026 and 41 sold, about 1.4 months of supply. Buyers paid 99.8% of asking on average, and 31% of listings cut their price.
When is the best time to buy in Savage?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Savage?
About 1% of a home’s value a year. On a $432K home that’s near $4,450.
Where can I see homes for sale in Savage?
Zillow, Redfin, Realtor.com and Homes.com all carry Savage’s MLS listings; the search links above open each one filtered to Savage.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).