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North Hennepin News

Wednesday, November 6, 2024

Osseo home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Osseo fell by $17,750 while total sales increased by 22.2%, according to BlockShopper.com.

From July through December of 2018, there were 22 homes sold, with a median sale price of $214,000 - a 7.7% decrease over the $231,750 median sale price for the same period of the previous year. There were 18 homes sold in Osseo in the second half of 2017.

The median sales tax in Osseo for the most recent year with available data, 2015, was $2,782, approximately 1.3% of the median home sale price for the second half of 2018.

The following table compares Osseo to other Hennepin County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Loretto7540%$257,600$335,000-23.1%
Champlin18817010.6%$257,500$247,1004.2%
Minneapolis3,1432,59421.2%$255,000$238,0007.1%
Richfield33929116.5%$250,000$239,0004.6%
Brooklyn Park6696109.7%$245,000$230,0006.5%
New Hope18113336.1%$244,000$235,5003.6%
Robbinsdale1741664.8%$224,950$205,5009.5%
Osseo221822.2%$214,000$231,750-7.7%
Crystal28523322.3%$214,000$200,0007%
Brooklyn Center30625022.4%$196,750$185,0006.4%
Medicine Lake21100%$150,000$415,000-63.9%

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