From January through June of 2019, there were 86 homes sold, with a median sale price of $613,000 - a 15.2% decrease over the $723,050 median sale price for the same period of the previous year. There were 92 homes sold in Orono in the first half of 2018.
The median sales tax in Orono for the most recent year with available data, 2015, was $5,930, approximately 1% of the median home sale price for the first half of 2019.
The following table compares Orono to other Hennepin County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medicine Lake | 4 | 2 | 100% | $990,000 | $612,223.43 | 61.7% |
| Greenwood | 6 | 11 | -45.5% | $930,000 | $875,000 | 6.3% |
| Woodland | 7 | 4 | 75% | $817,500 | $1,132,368.50 | -27.8% |
| Tonka Bay | 12 | 10 | 20% | $810,000 | $1,050,000 | -22.9% |
| Deephaven | 35 | 26 | 34.6% | $630,000 | $525,000 | 20% |
| Orono | 86 | 92 | -6.5% | $613,000 | $723,050 | -15.2% |
| Wayzata | 39 | 41 | -4.9% | $599,900 | $625,000 | -4% |
| Medina | 57 | 72 | -20.8% | $596,237 | $650,427.50 | -8.3% |
| Spring Park | 4 | 3 | 33.3% | $552,500 | $172,500 | 220.3% |
| Shorewood | 68 | 71 | -4.2% | $550,000 | $459,000 | 19.8% |
| Edina | 356 | 344 | 3.5% | $540,700 | $517,500 | 4.5% |
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