From July through September of 2019, there were 14 homes sold, with a median sale price of $296,750 - a 12.1% decrease over the $337,750 median sale price for the same period of the previous year. There were eight homes sold in Long Lake in the third quarter of 2018.
The median sales tax in Long Lake for the most recent year with available data, 2015, was $3,035, approximately 1% of the median home sale price for the third quarter of 2019.
The following table compares Long Lake to other Hennepin County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Golden Valley | 123 | 118 | 4.2% | $358,400 | $309,950 | 15.6% |
| Maple Grove | 366 | 338 | 8.3% | $341,750 | $298,342.50 | 14.5% |
| Greenfield | 16 | 27 | -40.7% | $340,000 | $315,000 | 7.9% |
| Rogers | 59 | 69 | -14.5% | $332,500 | $325,000 | 2.3% |
| St. Louis Park | 208 | 256 | -18.8% | $314,500 | $305,000 | 3.1% |
| Long Lake | 14 | 8 | 75% | $296,750 | $337,750 | -12.1% |
| Bloomington | 360 | 369 | -2.4% | $293,600 | $275,000 | 6.8% |
| Minneapolis | 1,583 | 1,725 | -8.2% | $282,000 | $259,900 | 8.5% |
| Champlin | 116 | 100 | 16% | $280,500 | $260,000 | 7.9% |
| Hopkins | 67 | 68 | -1.5% | $280,000 | $270,000 | 3.7% |
| Richfield | 177 | 174 | 1.7% | $279,500 | $250,000 | 11.8% |
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