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South Hennepin News

Wednesday, November 6, 2024

Wayzata home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Wayzata fell by $66,100 while total sales decreased by 15.6%, according to BlockShopper.com.

From July through December of 2019, there were 38 homes sold, with a median sale price of $666,000 - a 9% decrease over the $732,100 median sale price for the same period of the previous year. There were 45 homes sold in Wayzata in the second half of 2018.

The median sales tax in Wayzata for the most recent year with available data, 2015, was $6,115, approximately 0.9% of the median home sale price for the second half of 2019.

The following table compares Wayzata to other Hennepin County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Woodland59-44.4%$1,175,000$1,300,000-9.6%
Greenwood59-44.4%$1,070,000$1,905,177-43.8%
Orono92108-14.8%$750,000$609,70023%
Medicine Lake3250%$738,000$150,000392%
Deephaven49474.3%$675,000$920,000-26.6%
Wayzata3845-15.6%$666,000$732,100-9%
Excelsior15150%$600,000$480,00025%
Edina377408-7.6%$574,500$530,0008.4%
Medina6569-5.8%$573,015$615,000-6.8%
Spring Park12933.3%$572,450$371,50054.1%
Tonka Bay1020-50%$484,500$665,000-27.1%

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