There were 678 homes sold in March, with a median sale price of $389,900 — an 8.3% increase over the $360,000 median sale price during the same period of the previous year. In comparison, 1,002 homes were sold in Hennepin County in March 2024.
Based on the latest available data from 2024, the median sales tax in Hennepin County was $4,795, which stands at 1.2% of March's median home sale price.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Hennepin County from March 2024 to March 2025.
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