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North Hennepin News

Thursday, November 7, 2024

2020: Home prices in Wayzata increased

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The median sale price of a home sold in 2020 in Wayzata rose by $113,000 while total sales decreased by 39%, according to BlockShopper.com.

From January through December of 2020, there were 47 homes sold, with a median sale price of $720,000 - a 18.6% increase over the $607,000 median sale price for the previous year. There were 77 homes sold in Wayzata in 2019.

The median sales tax in Wayzata for the most recent year with available data, 2019, was $7,696, approximately 1.1% of the median home sale price for 2020.

The following table compares Wayzata 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)
Minnetonka Beach310-70%$1,905,000$1,554,95022.5%
Greenwood811-27.3%$1,065,000$960,00010.9%
Tonka Bay1522-31.8%$800,000$635,00026%
Wayzata4777-39%$720,000$607,00018.6%
Excelsior1932-40.6%$680,000$487,50039.5%
Woodland613-53.8%$665,000$1,100,000-39.5%
Spring Park1315-13.3%$648,500$624,9003.8%
Deephaven5383-36.1%$600,000$660,000-9.1%
Medina86125-31.2%$597,500$593,3030.7%
Edina503731-31.2%$575,000$557,0003.2%
Medicine Lake37-57.1%$574,000$875,000-34.4%

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