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South Hennepin News

Wednesday, December 4, 2024

Falling home prices in Deephaven in the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Deephaven fell by $125,000 while total sales increased by 107.7 percent, according to BlockShopper.com.

From January through June, there were 27 homes sold, with a median sale price of $805,000 - a 13.4 percent decrease from the $930,000 median sale price for the same period of the previous year. There were 13 homes sold in Deephaven in the first half of 2021.

The median sales tax in Deephaven for the most recent year with available data, 2019, was $7,392, approximately 0.9 percent of the median home sale price for the first half of 2022.

The following table compares Deephaven to other Hennepin County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Minnetonka Beach4333.3$2,300,000$1,795,00028.1
Medicine Lake31200$1,367,500$990,00038.1
Wayzata342347.8$980,000$675,00045.2
Greenwood24-50$926,738$1,332,061-30.4
Tonka Bay13128.3$926,000$885,0004.6
Deephaven2713107.7$805,000$930,000-13.4
Medina453050$770,000$798,500-3.6
Edina34425037.6$750,000$718,7504.3
Orono825451.9$737,500$797,500-7.5
Minnetrista906147.5$580,000$560,0003.6
Hanover114175$569,500$380,99549.5

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