Is Savage, MN 55378 a buyer’s or seller’s market?
Savage is a seller’s market. With about 1.9 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 79% of U.S. ZIP codes, and #96 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Savage housing market right now
In the three months ending August 31, 2026, 33% of homes in Savage, MN 55378 sold above their list price, the typical home went under contract in 19 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 127 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (32% then), homes sold faster (24 days then) and the median sale price fell 4% to $419,818. Overall, Savage is about as competitive as it was a year ago.
Within Scott County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 83%. On our competition score, Savage ranks #96 of 296 MN ZIP codes with enough sales (score 75 out of 100).
Nearby, buyers who want less competition could look at Elko New Market 55020 (10% sold over asking) or Jordan 55352 (14% sold over asking).
Run the numbers for 55378
Nearby markets
Belle Plaine 56011Seller’s market $175 /sq ftElko New Market 55020Balanced $211 /sq ftElko New Market 55054Seller’s market $196 /sq ftJordan 55352Seller’s market $200 /sq ft Browse all markets →Towns like Savage nearby
Find towns like Savage in other states →Where Savage is
Loading map…
Questions about Savage real estate
Is Savage a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Savage, MN 55378 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Savage?
The typical home went under contract in 19 days in the latest three months.
Do homes in Savage sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Savage?
About 1.01% of a home’s value a year in Scott County, or roughly $4,040 on a $400,000 home.
What is the median home price in Savage?
The median sale price was $419,818 in the three months ending August 31, 2026, about $189 per square foot.
Local agents
See all agents in 55378 →No sponsored agents in 55378 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 55378
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology