The median sale price of a home sold in May 2017 in Empire rose by $110,000 while total sales decreased by 57.1%, according to BlockShopper.com.
In May 2017, there were three homes sold, with a median sale price of $325,000 – a 51.2% increase over the $215,000 median sale price for the same period of the previous year. There were seven homes sold in Empire in May 2016.
The median sales tax in Empire for the most recent year with available data, 2014, was $2,424, approximately 0.7% of the median home sale price for May 2017.
The following table compares Empire to other Dakota County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eureka Center | 2 | 0 | – | $415,250 | $0 | – |
| Castle Rock | 1 | 2 | -50% | $350,000 | $190,000 | 84.2% |
| Empire | 3 | 7 | -57.1% | $325,000 | $215,000 | 51.2% |
| Mendota Heights | 20 | 12 | 66.7% | $322,500 | $350,000 | -7.9% |
| Rosemount | 34 | 46 | -26.1% | $293,000 | $255,450 | 14.7% |
| Randolph | 2 | 1 | 100% | $287,000 | $470,000 | -38.9% |
| Lakeville | 117 | 134 | -12.7% | $265,000 | $283,750 | -6.6% |
| Burnsville | 110 | 96 | 14.6% | $255,761 | $253,250 | 1% |
| Hampton | 3 | 2 | 50% | $244,285 | $198,000 | 23.4% |
| Farmington | 72 | 58 | 24.1% | $243,000 | $229,950 | 5.7% |
| Waterford | 1 | 1 | 0% | $240,000 | $435,000 | -44.8% |
