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North Hennepin News

Thursday, November 7, 2024

Home prices increased in Golden Valley during the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Golden Valley rose by $46,950 while total sales decreased by 61.5%, according to BlockShopper.com.

From July through December of 2020, there were 74 homes sold, with a median sale price of $392,450 - a 13.6% increase over the $345,500 median sale price for the same period of the previous year. There were 192 homes sold in Golden Valley in the second half of 2019.

The median sales tax in Golden Valley for the most recent year with available data, 2019, was $4,869, approximately 1.2% of the median home sale price for the second half of 2020.

The following table compares Golden Valley to other Hennepin County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Shorewood3966-40.9%$530,000$451,80017.3%
Minnetrista68102-33.3%$482,921$414,99516.4%
Eden Prairie190426-55.4%$417,250$386,0008.1%
Minnetonka204413-50.6%$415,449.50$390,0006.5%
Plymouth293587-50.1%$397,500$381,9004.1%
Golden Valley74192-61.5%$392,450$345,50013.6%
Spring Park712-41.7%$390,000$572,450-31.9%
Corcoran1940-52.5%$385,000$335,00014.9%
Hanover37-57.1%$375,000$246,38052.2%
Maple Grove292562-48%$359,950$337,7506.6%
St. Louis Park190343-44.6%$359,500$319,90012.4%

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