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South Hennepin News

Friday, November 1, 2024

Hennepin County experienced increase in median home valuation prices in April 2024 compared to April 2023

Realestate1

In April, the median sale price of a home in Hennepin County rose by $9,250 from the same period in the previous year, while total sales increased by 23%, according to BlockShopper.com.

Data shows that there were 1,162 homes sold in April, with a median sale price of $391,250 - a 2.4% increase over the $382,000 median sale price for the same period of the previous year. There were 945 homes sold in Hennepin County in April 2023.

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 April's median home sale price.

The following histogram displays changes in median sales prices in Hennepin County from April 2023 to April 2024.

April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024$382,000$382,000$376,500$376,500$400,000$400,000$390,000$390,000$402,000$402,000$385,000$385,000$375,000$375,000$367,500$367,500$340,000$340,000$350,000$350,000$360,000$360,000$360,000$360,000$391,250$391,250

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