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North Hennepin News

Tuesday, December 24, 2024

The first half of 2021: Home prices in Orono increased

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The median sale price of a home sold in the first half of 2021 in Orono rose by $263,100 while total sales decreased by 13.5%, according to BlockShopper.com.

From January through June of 2021, there were 45 homes sold, with a median sale price of $745,000 - a 54.6% increase over the $481,900 median sale price for the same period of the previous year. There were 52 homes sold in Orono in the first half of 2020.

The median sales tax in Orono for the most recent year with available data, 2019, was $6,598, approximately 0.9% of the median home sale price for the first half of 2021.

The following table compares Orono to other Hennepin County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Greenwood4333.3%$1,332,060.50$375,000255.2%
Minnetonka Beach220%$1,248,000$1,315,000-5.1%
Medicine Lake13-66.7%$990,000$574,00072.5%
Deephaven1225-52%$898,765.45$703,80027.7%
Orono4552-13.5%$745,000$481,90054.6%
Independence1422-36.4%$708,375$466,40051.9%
Edina207282-26.6%$693,000$559,25023.9%
Tonka Bay9812.5%$670,000$611,2509.6%
Wayzata1621-23.8%$649,250$870,000-25.4%
Excelsior613-53.8%$622,450$658,500-5.5%
Medina1746-63%$605,000$551,0009.8%

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