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North Hennepin News

Wednesday, November 6, 2024

Champlin home prices rise in 2018

Realestate2

The median sale price of a home sold in 2018 in Champlin rose by $12,500 while total sales increased by 5.8%, according to BlockShopper.com.

From January through December of 2018, there were 345 homes sold, with a median sale price of $255,000 - a 5.2% increase over the $242,500 median sale price for the previous year. There were 326 homes sold in Champlin in 2017.

The median sales tax in Champlin for the most recent year with available data, 2015, was $2,398, approximately 0.9% of the median home sale price for 2018.

The following table compares Champlin to other Hennepin County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Spring Park1314-7.1%$300,000$414,275-27.6%
St. Louis Park84868523.8%$300,000$275,0009.1%
Hopkins213221-3.6%$274,495$248,00010.7%
Medicine Lake4333.3%$273,500$415,000-34.1%
Bloomington1,2141,06414.1%$268,000$255,2005%
Champlin3453265.8%$255,000$242,5005.2%
Minneapolis5,9525,22413.9%$255,000$237,0007.6%
Mound221243-9.1%$255,000$240,0006.3%
Loretto151225%$253,000$265,000-4.5%
Maple Plain19190%$250,000$235,0006.4%
Richfield5975783.3%$250,000$235,0006.4%

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