The median sale price of a home sold in February 2022 in New Hope rose by $40,000 while total sales increased by 66.7%, according to BlockShopper.com.
In February 2022, there were 15 homes sold, with a median sale price of $335,000 – a 13.6% increase over the $295,000 median sale price for the same period of the previous year. There were nine homes sold in New Hope in February 2021.
The median sales tax in New Hope for the most recent year with available data, 2019, was $3,840, approximately 1.1% of the median home sale price for February 2022.
The following table compares New Hope to other Hennepin County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 28 | 22 | 27.3% | $399,500 | $355,000 | 12.5% |
| Maple Grove | 40 | 14 | 185.7% | $388,500 | $360,000 | 7.9% |
| Champlin | 13 | 6 | 116.7% | $380,000 | $281,500 | 35% |
| Golden Valley | 13 | 12 | 8.3% | $358,630 | $361,250 | -0.7% |
| Mound | 4 | 3 | 33.3% | $336,000 | $260,900 | 28.8% |
| New Hope | 15 | 9 | 66.7% | $335,000 | $295,000 | 13.6% |
| Hopkins | 6 | 6 | 0% | $322,500 | $264,250 | 22% |
| Bloomington | 41 | 33 | 24.2% | $320,000 | $320,000 | 0% |
| Richfield | 18 | 16 | 12.5% | $313,050 | $293,600 | 6.6% |
| Minneapolis | 241 | 194 | 24.2% | $305,000 | $294,000 | 3.7% |
| Brooklyn Park | 51 | 38 | 34.2% | $300,000 | $282,450 | 6.2% |
