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North Hennepin News

Friday, November 22, 2024

May: Home prices in Medina fell

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The median sale price of a home sold in May in Medina fell by $632,500 while total sales increased by 20 percent, according to BlockShopper.com.

In May, there were six homes sold, with a median sale price of $667,500 - a 48.7 percent decrease from the $1,300,000 median sale price for the same period of the previous year. There were five homes sold in Medina in May 2021.

The median sales tax in Medina for the most recent year with available data, 2019, was $6,289, approximately 0.9 percent of the median home sale price for May.

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

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Deephaven3250$1,305,000$898,76545.2
Medicine Lake10-$970,000$0-
Independence34-25$956,000$356,979167.8
Spring Park20-$780,000$0-
Edina55517.8$725,000$762,500-4.9
Medina6520$667,500$1,300,000-48.7
Hanover31200$635,000$388,90063.3
Greenfield4333.3$621,500$355,00075.1
Corcoran48-50$617,500$502,00023
Minnetrista14137.7$577,113$785,000-26.5
Orono1314-7.1$576,000$582,500-1.1

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