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North Hennepin News

Sunday, November 17, 2024

Hennepin County home prices rose in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Hennepin County rose by $10,100 while total sales decreased by 9.6%.

From July through December of 2022, there were 7,288 homes sold, with a median sale price of $365,000 - a 2.8% increase over the $354,900 median sale price for the same period of the previous year. There were 8,061 homes sold in Hennepin County in the second half of 2021.

The median sales tax in Hennepin County for the most recent year with available data, 2021, was $4,220 approximately 1.2% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Hennepin County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$354900$354900$375000$375000$365000$365000

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