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South Hennepin News

Wednesday, December 4, 2024

Median home prices in Edina rose to $750,000 in the first half of 2022

Realestate2

The median sale price of a home sold in the first half of 2022 in Edina rose by $31,250 while total sales increased by 37.6 percent, according to BlockShopper.com.

From January through June, there were 344 homes sold, with a median sale price of $750,000 - a 4.3 percent increase over the $718,750 median sale price for the same period of the previous year. There were 250 homes sold in Edina in the first half of 2021.

The median sales tax in Edina for the most recent year with available data, 2019, was $7,085, approximately 0.9 percent of the median home sale price for the first half of 2022.

The following table compares Edina 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)
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
Greenfield201533.3$559,000$355,00057.5
Shorewood383411.8$550,500$535,6632.8

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