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Wednesday, November 5, 2025

2020: Deephaven experienced a 9.1% drop in median home prices

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The median sale price of a home sold in 2020 in Deephaven fell by $60,000 while total sales decreased by 36.1%, according to BlockShopper.com.

From January through December of 2020, there were 53 homes sold, with a median sale price of $600,000 - a 9.1% decrease over the $660,000 median sale price for the previous year. There were 83 homes sold in Deephaven in 2019.

The median sales tax in Deephaven for the most recent year with available data, 2019, was $7,392, approximately 1.2% of the median home sale price for 2020.

The following table compares Deephaven to other Hennepin County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Tonka Bay1522-31.8%$800,000$635,00026%
Wayzata4777-39%$720,000$607,00018.6%
Excelsior1932-40.6%$680,000$487,50039.5%
Woodland613-53.8%$665,000$1,100,000-39.5%
Spring Park1315-13.3%$648,500$624,9003.8%
Deephaven5383-36.1%$600,000$660,000-9.1%
Medina86125-31.2%$597,500$593,3030.7%
Edina503731-31.2%$575,000$557,0003.2%
Medicine Lake37-57.1%$574,000$875,000-34.4%
Independence4062-35.5%$573,577.50$449,514.5327.6%
Shorewood99135-26.7%$503,500$475,0006%

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