Nowthen home prices fall in May 2017

Nowthen home prices fall in May 2017
0Comments

The median sale price of a home sold in May 2017 in Nowthen fell by $16,200 while total sales increased by 100%, according to BlockShopper.com.

In May 2017, there were four homes sold, with a median sale price of $323,500 – a 4.8% decrease over the $339,700 median sale price for the same period of the previous year. There were two homes sold in Nowthen in May 2016.

The median sales tax in Nowthen for the most recent year with available data, 2014, was $2,697, approximately 0.8% of the median home sale price for May 2017.

The following table compares Nowthen to other Anoka 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)
Columbus 5 4 25% $420,000 $254,950 64.7%
Nowthen 4 2 100% $323,500 $339,700 -4.8%
Andover 33 57 -42.1% $304,900 $251,000 21.5%
Ham Lake 15 18 -16.7% $288,500 $270,000 6.9%
Oak Grove 12 9 33.3% $288,250 $239,000 20.6%
Linwood 9 4 125% $280,000 $353,950 -20.9%
Lino Lakes 28 16 75% $260,000 $321,500 -19.1%
Ramsey 49 46 6.5% $248,500 $223,150 11.4%
East Bethel 11 12 -8.3% $247,100 $243,750 1.4%
Centerville 7 7 0% $238,680 $225,000 6.1%
Blaine 104 114 -8.8% $221,000 $209,600 5.4%


Related

Home vacancies in Minnesota up 0.2 percent in Q1

Home vacancies in Minnesota up 0.2 percent in Q1

Minnesota’s home vacancy rate was 1.1 percent in the first quarter of 2022, an increase of 0.2 percent over the previous quarter, according to a U.S. Census Bureau report.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in the nation throughout 2021 with a rental vacancy rate of 6.6 percent, according to the U.S. Census Bureau.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked fifth in nation with rental vacancy rate of 9% in Q3 2022

Minnesota ranked fifth in the nation in the third quarter with a rental vacancy rate of 9 percent, according to the U.S. Census Bureau.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Minnesota State Wire.