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Thursday, November 7, 2024

What happened to the median home price in Plymouth during 2020?

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The median sale price of a home sold in 2020 in Plymouth rose by $4,250 while total sales decreased by 34.7%, according to BlockShopper.com.

From January through December of 2020, there were 712 homes sold, with a median sale price of $379,250 - a 1.1% increase over the $375,000 median sale price for the previous year. There were 1,090 homes sold in Plymouth in 2019.

The median sales tax in Plymouth for the most recent year with available data, 2019, was $4,491, approximately 1.2% of the median home sale price for 2020.

The following table compares Plymouth to other Hennepin County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Minnetrista142194-26.8%$482,500$421,50014.5%
Minnetonka485811-40.2%$422,000$389,0008.5%
Eden Prairie452877-48.5%$415,000$393,5005.5%
Greenfield3046-34.8%$410,625$360,00014.1%
Hanover815-46.7%$380,000$310,00022.6%
Plymouth7121,090-34.7%$379,250$375,0001.1%
Corcoran5275-30.7%$376,000$372,5000.9%
Golden Valley212375-43.5%$370,000$342,5008%
Maple Grove7601,046-27.3%$345,050$325,0006.2%
St. Anthony4459-25.4%$345,000$338,0002.1%
St. Louis Park497729-31.8%$342,500$320,0007%

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