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South Hennepin News

Wednesday, November 6, 2024

Greenwood home prices fall in 2019

Re 12

The median sale price of a home sold in 2019 in Greenwood fell by $60,000 while total sales decreased by 47.6%, according to BlockShopper.com.

From January through December of 2019, there were 11 homes sold, with a median sale price of $960,000 - a 5.9% decrease over the $1,020,000 median sale price for the previous year. There were 21 homes sold in Greenwood in 2018.

The median sales tax in Greenwood for the most recent year with available data, 2015, was $9,543, approximately 1% of the median home sale price for 2019.

The following table compares Greenwood to other Hennepin County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Minnetonka Beach1121-47.6%$1,610,000$1,208,50033.2%
Woodland1213-7.7%$1,075,000$1,300,000-17.3%
Greenwood1121-47.6%$960,000$1,020,000-5.9%
Medicine Lake7475%$875,000$273,500219.9%
Orono178211-15.6%$697,000$670,0004%
Deephaven84805%$655,500$675,000-2.9%
Tonka Bay2230-26.7%$635,000$675,000-5.9%
Wayzata7791-15.4%$607,000$720,000-15.7%
Medina122149-18.1%$591,151.50$650,000-9.1%
Spring Park161323.1%$572,450$300,00090.8%
Edina733804-8.8%$555,000$520,0006.7%

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