From July through December of 2018, there were nine homes sold, with a median sale price of $371,500 - a 47.7% increase over the $251,450 median sale price for the same period of the previous year. There were eight homes sold in Spring Park in the second half of 2017.
The median sales tax in Spring Park for the most recent year with available data, 2015, was $4,534, approximately 1.2% of the median home sale price for the second half of 2018.
The following table compares Spring Park to other Hennepin County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Excelsior | 15 | 12 | 25% | $480,000 | $442,500 | 8.5% |
| Shorewood | 83 | 59 | 40.7% | $450,000 | $498,000 | -9.6% |
| Minnetrista | 126 | 96 | 31.3% | $416,750 | $382,765.50 | 8.9% |
| Corcoran | 35 | 31 | 12.9% | $389,900 | $400,000 | -2.5% |
| Greenfield | 38 | 17 | 123.5% | $381,500 | $355,000 | 7.5% |
| Spring Park | 9 | 8 | 12.5% | $371,500 | $251,450 | 47.7% |
| Minnetonka | 417 | 320 | 30.3% | $368,000 | $347,500 | 5.9% |
| Eden Prairie | 528 | 465 | 13.5% | $362,750 | $360,000 | 0.8% |
| Plymouth | 589 | 528 | 11.6% | $357,000 | $338,700 | 5.4% |
| Long Lake | 14 | 16 | -12.5% | $337,750 | $318,750 | 6% |
| Rogers | 110 | 86 | 27.9% | $325,000 | $298,000 | 9.1% |
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