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North Hennepin News

Wednesday, November 6, 2024

Greenfield home prices rise 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 Greenfield rose by $26,500 while total sales increased by 123.5%, according to BlockShopper.com.

From July through December of 2018, there were 38 homes sold, with a median sale price of $381,500 - a 7.5% increase over the $355,000 median sale price for the same period of the previous year. There were 17 homes sold in Greenfield in the second half of 2017.

The median sales tax in Greenfield for the most recent year with available data, 2015, was $4,037, approximately 1.1% of the median home sale price for the second half of 2018.

The following table compares Greenfield 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)
Independence362356.5%$499,000$445,00012.1%
Excelsior151225%$480,000$442,5008.5%
Shorewood835940.7%$450,000$498,000-9.6%
Minnetrista1269631.3%$416,750$382,765.508.9%
Corcoran353112.9%$389,900$400,000-2.5%
Greenfield3817123.5%$381,500$355,0007.5%
Spring Park9812.5%$371,500$251,45047.7%
Minnetonka41732030.3%$368,000$347,5005.9%
Eden Prairie52846513.5%$362,750$360,0000.8%
Plymouth58952811.6%$357,000$338,7005.4%
Long Lake1416-12.5%$337,750$318,7506%

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