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South Hennepin News

Wednesday, November 6, 2024

Long Lake home prices rise in December 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in December 2019 in Long Lake rose by $70,050 while total sales increased by 50%, according to BlockShopper.com.

In December 2019, there were three homes sold, with a median sale price of $360,000 - a 24.2% increase over the $289,950 median sale price for the same period of the previous year. There were two homes sold in Long Lake in December 2018.

The median sales tax in Long Lake for the most recent year with available data, 2015, was $3,035, approximately 0.8% of the median home sale price for December 2019.

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

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
Shorewood914-35.7%$445,000$497,450-10.5%
Minnetrista21210%$437,500$432,0001.3%
Eden Prairie4464-31.3%$394,900$341,70015.6%
Minnetonka5359-10.2%$392,000$365,0007.4%
Golden Valley2325-8%$375,000$305,00023%
Long Lake3250%$360,000$289,95024.2%
Plymouth74722.8%$352,500$327,4507.7%
Medina79-22.2%$345,000$562,000-38.6%
Dayton440%$340,950$233,50046%
Rogers312-75%$335,000$327,6502.2%
Independence13-66.7%$335,000$359,900-6.9%

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