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Sunday, November 17, 2024

What happened to the median home valuation price in Hennepin County in March 2024 compared to March 2023?

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In March, the median sale price of a home in Hennepin County remained unchanged from the same period in the previous year, while total sales increased by 13.6%, according to BlockShopper.com.

Data shows that there were 1,002 homes sold in March, with a median sale price of $360,000 - remained unchanged from the median sale price for the same period of the previous year. There were 882 homes sold in Hennepin County in March 2023.

For context, the median sales tax in Hennepin County, based on the latest available data from 2021, was $4,220, which stands at 1.2% of March's median home sale price.

The following histogram displays changes in median sales prices in Hennepin County from March 2023 to March 2024.

March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024$360,000$360,000$382,000$382,000$376,500$376,500$400,000$400,000$390,000$390,000$402,000$402,000$385,000$385,000$375,000$375,000$367,500$367,500$340,000$340,000$350,000$350,000$360,000$360,000$360,000$360,000

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