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Sunday, November 17, 2024

First half of 2022: Home prices in Wayzata increased

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The median sale price of a home sold in the first half of 2022 in Wayzata rose by $305,000 while total sales increased by 47.8 percent, according to BlockShopper.com.

From January through June, there were 34 homes sold, with a median sale price of $980,000 - a 45.2 percent increase over the $675,000 median sale price for the same period of the previous year. There were 23 homes sold in Wayzata in the first half of 2021.

The median sales tax in Wayzata for the most recent year with available data, 2019, was $7,696, approximately 0.8 percent of the median home sale price for the first half of 2022.

The following table compares Wayzata to other Hennepin County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Woodland110$8,715,000$350,0002,390
Minnetonka Beach4333.3$2,300,000$1,795,00028.1
Medicine Lake31200$1,367,500$990,00038.1
Wayzata342347.8$980,000$675,00045.2
Greenwood24-50$926,738$1,332,061-30.4
Tonka Bay13128.3$926,000$885,0004.6
Deephaven2713107.7$805,000$930,000-13.4
Medina453050$770,000$798,500-3.6
Edina34425037.6$750,000$718,7504.3
Orono825451.9$737,500$797,500-7.5
Minnetrista906147.5$580,000$560,0003.6

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