In May 2019, there were 17 homes sold, with a median sale price of $450,000 - a 25% decrease over the $599,953 median sale price for the same period of the previous year. There were 18 homes sold in Medina in May 2018.
The median sales tax in Medina for the most recent year with available data, 2015, was $5,848, approximately 1.3% of the median home sale price for May 2019.
The following table compares Medina to other Hennepin County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Spring Park | 2 | 0 | - | $812,500 | $0 | - |
| Shorewood | 17 | 11 | 54.5% | $587,500 | $337,500 | 74.1% |
| Edina | 76 | 75 | 1.3% | $537,450 | $550,000 | -2.3% |
| Wayzata | 8 | 4 | 100% | $478,750 | $532,500 | -10.1% |
| Greenwood | 1 | 1 | 0% | $450,000 | $680,000 | -33.8% |
| Medina | 17 | 18 | -5.6% | $450,000 | $599,952.50 | -25% |
| Eden Prairie | 84 | 97 | -13.4% | $436,000 | $390,000 | 11.8% |
| Excelsior | 4 | 7 | -42.9% | $418,750 | $640,000 | -34.6% |
| Corcoran | 13 | 11 | 18.2% | $412,900 | $470,000 | -12.1% |
| Minnetonka | 96 | 93 | 3.2% | $407,750 | $365,000 | 11.7% |
| Woodland | 2 | 1 | 100% | $390,000 | $483,000 | -19.3% |
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