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South Hennepin News

Wednesday, November 6, 2024

Wayzata home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Wayzata fell by $393,500 while total sales decreased by 40%, according to BlockShopper.com.

In October 2019, there were six homes sold, with a median sale price of $783,000 - a 33.4% decrease over the $1,176,500 median sale price for the same period of the previous year. There were 10 homes sold in Wayzata in October 2018.

The median sales tax in Wayzata for the most recent year with available data, 2015, was $6,115, approximately 0.8% of the median home sale price for October 2019.

The following table compares Wayzata to other Hennepin County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Tonka Bay13-66.7%$2,500,000$285,000777.2%
Deephaven7616.7%$2,200,000$1,797,50022.4%
Wayzata610-40%$783,000$1,176,500-33.4%
Orono1422-36.4%$751,250$662,50013.4%
Medina813-38.5%$705,750$594,93018.6%
Medicine Lake110%$585,000$162,000261.1%
Excelsior47-42.9%$550,000$600,000-8.3%
Edina5264-18.8%$535,000$481,00011.2%
Spring Park12-50%$520,000$393,38032.2%
Long Lake42100%$476,750$255,00087%
Shorewood913-30.8%$463,000$365,00026.8%

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