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North Hennepin News

Thursday, November 7, 2024

Brooklyn Park median home prices rose by 18.9% in the fourth quarter of 2020

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The median sale price of a home sold in the fourth quarter of 2020 in Brooklyn Park rose by $46,750 while total sales decreased by 53.8%, according to BlockShopper.com.

From October through December of 2020, there were 96 homes sold, with a median sale price of $294,000 - a 18.9% increase over the $247,250 median sale price for the same period of the previous year. There were 208 homes sold in Brooklyn Park in the fourth quarter of 2019.

The median sales tax in Brooklyn Park for the most recent year with available data, 2019, was $3,372, approximately 1.1% of the median home sale price for the fourth quarter of 2020.

The following table compares Brooklyn Park to other Hennepin County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
New Hope2066-69.7%$306,000$261,00017.2%
Richfield41128-68%$301,000$263,50014.2%
Maple Plain550%$299,900$290,0003.4%
Bloomington77251-69.3%$297,000$289,9002.4%
Long Lake19-88.9%$295,000$365,000-19.2%
Brooklyn Park96208-53.8%$294,000$247,25018.9%
Champlin2585-70.6%$290,000$264,6009.6%
Hopkins839-79.5%$286,250$299,900-4.6%
Robbinsdale2165-67.7%$265,000$235,30012.6%
Crystal3994-58.5%$252,900$237,0006.7%
Brooklyn Center37102-63.7%$245,000$217,65012.6%

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