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South Hennepin News

Thursday, November 21, 2024

Rising home valuation prices in Hennepin County in June 2023 compared to June 2022

Realestate4

In June 2023, the median sale price of a home in Hennepin County rose by $100 from the same period in the previous year, while total sales decreased by 67.1%, according to BlockShopper.com.

Data shows that there were 614 homes sold in June 2023, with a median sale price of $400,000 - a increase over the $399,900 median sale price for the same period of the previous year. There were 1,866 homes sold in Hennepin County in June 2022.

For context, the median sales tax in Hennepin County, based on the latest available data from 2021, was $4,220, which stands at 1.1% of June 2023's median home sale price.

The following histogram displays changes in median sales prices in Hennepin County from June 2022 to June 2023.

June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023$399,900$399,900$375,000$375,000$377,150$377,150$372,800$372,800$356,073$356,073$350,000$350,000$335,000$335,000$335,450$335,450$340,000$340,000$360,000$360,000$382,000$382,000$376,500$376,500$400,000$400,000

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