From July through December of 2018, there were seven homes sold, with a median sale price of $257,600 - a 23.1% decrease over the $335,000 median sale price for the same period of the previous year. There were five homes sold in Loretto in the second half of 2017.
The median sales tax in Loretto for the most recent year with available data, 2015, was $3,148, approximately 1.2% of the median home sale price for the second half of 2018.
The following table compares Loretto to other Hennepin County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dayton | 36 | 48 | -25% | $286,825 | $367,784.50 | -22% |
| Maple Plain | 5 | 11 | -54.5% | $280,000 | $235,000 | 19.1% |
| Bloomington | 657 | 498 | 31.9% | $269,000 | $258,600 | 4% |
| Hopkins | 136 | 105 | 29.5% | $267,750 | $240,000 | 11.6% |
| Mound | 119 | 126 | -5.6% | $260,000 | $237,250 | 9.6% |
| Loretto | 7 | 5 | 40% | $257,600 | $335,000 | -23.1% |
| Champlin | 188 | 170 | 10.6% | $257,500 | $247,100 | 4.2% |
| Minneapolis | 3,143 | 2,594 | 21.2% | $255,000 | $238,000 | 7.1% |
| Richfield | 339 | 291 | 16.5% | $250,000 | $239,000 | 4.6% |
| Brooklyn Park | 669 | 610 | 9.7% | $245,000 | $230,000 | 6.5% |
| New Hope | 181 | 133 | 36.1% | $244,000 | $235,500 | 3.6% |
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