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Sunday, November 17, 2024

What happened to the median home price in Plymouth during Q2?

Realestate1

The median sale price of a home sold in the second quarter of 2022 in Plymouth rose by $40,000 while total sales increased by 49.8 percent, according to BlockShopper.com.

From April through June, there were 301 homes sold, with a median sale price of $470,000 - a 9.3 percent increase over the $430,000 median sale price for the same period of the previous year. There were 201 homes sold in Plymouth in the second quarter of 2021.

The median sales tax in Plymouth for the most recent year with available data, 2019, was $4,491, approximately one percent of the median home sale price for the second quarter of 2022.

The following table compares Plymouth to other Hennepin County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Independence121020$578,103$412,37540.2
Shorewood23219.5$550,000$526,3254.5
Minnetonka21712475$539,000$475,00013.5
Corcoran18180$530,000$549,500-3.5
Eden Prairie22917133.9$475,000$479,900-1
Plymouth30120149.8$470,000$430,0009.3
Excelsior49-55.6$465,000$739,900-37.2
Golden Valley1016750.7$460,000$387,24018.8
Long Lake550$460,000$370,00024.3
Spring Park63100$455,000$235,00093.6
Rogers734369.8$450,000$410,0009.8

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