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South Hennepin News

Friday, September 12, 2025

Edina home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Edina rose by $32,852 while total sales increased by 8.8%, according to BlockShopper.com.

From July through September of 2018, there were 236 homes sold, with a median sale price of $562,852 - a 6.2% increase over the $530,000 median sale price for the same period of the previous year. There were 217 homes sold in Edina in the third quarter of 2017.

The median sales tax in Edina for the most recent year with available data, 2015, was $6,269, approximately 1.1% of the median home sale price for the third quarter of 2018.

The following table compares Edina to other Hennepin County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Deephaven2129-27.6%$875,000$637,00037.4%
Tonka Bay89-11.1%$871,000$580,00050.2%
Wayzata251931.6%$732,100$562,00030.3%
Medina362828.6%$624,722$582,722.507.2%
Orono665422.2%$577,450$633,713.62-8.9%
Edina2362178.8%$562,852$530,0006.2%
Independence188125%$515,000$586,000-12.1%
Excelsior660%$475,000$430,00010.5%
Hanover24-50%$455,250$266,00071.1%
Shorewood462676.9%$450,000$435,0003.4%
Corcoran181520%$392,450$395,000-0.6%

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