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North Hennepin News

Saturday, March 15, 2025

Hennepin County home prices rose in February 2025 compared to February 2024

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In February, the median sale price of a home in Hennepin County rose by $29,900 from the same period in the previous year, while total sales decreased by 21.8%, according to BlockShopper.com.

There were 655 homes sold in February, with a median sale price of $389,900 — an 8.3% increase over the $360,000 median sale price during the same period of the previous year. In comparison, 838 homes were sold in Hennepin County in February 2024.

Based on the latest available data from 2024, the median sales tax in Hennepin County was $4,795, which stands at 1.2% of February's median home sale price.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Hennepin County from February 2024 to February 2025.

February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025February 2025$360,000$360,000$360,000$360,000$391,250$391,250$390,500$390,500$400,000$400,000$395,000$395,000$400,000$400,000$375,000$375,000$386,000$386,000$381,000$381,000$370,000$370,000$380,000$380,000$389,900$389,900

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