From January through March of 2025, 2,094 homes were sold in the county, with sale prices around $385,000. This is a 7.3% increase over the $358,900 median sale price during the same period in 2024, when there were 2,538 homes sold.
Based on the latest available data from 2024, the median sales tax on homes in Hennepin County was $4,795, which equates to 1.2% of the median home sale price for the first quarter of 2025.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its 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 January 2024 to March 2025.
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