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Minnesota State Wire

Friday, September 12, 2025

New Hope home prices fall in July 2018

Re 1

The median sale price of a home sold in July 2018 in New Hope fell by $6,000 while total sales decreased by 13%, according to BlockShopper.com.

In July 2018, there were 20 homes sold, with a median sale price of $237,000 - a 2.5% decrease over the $243,000 median sale price for the same period of the previous year. There were 23 homes sold in New Hope in July 2017.

The median sales tax in New Hope for the most recent year with available data, 2015, was $2,986, approximately 1.3% of the median home sale price for July 2018.

The following table compares New Hope to other Hennepin County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Mound18180%$266,000$286,500-7.2%
Minneapolis443510-13.1%$262,000$248,0005.6%
Brooklyn Park97106-8.5%$252,000$239,0005.4%
Osseo45-20%$247,450$260,000-4.8%
Richfield4152-21.2%$244,900$242,2501.1%
New Hope2023-13%$237,000$243,000-2.5%
Robbinsdale2141-48.8%$225,000$190,00018.4%
Crystal3037-18.9%$205,750$215,000-4.3%
Brooklyn Center483633.3%$193,750$181,999.506.5%
Excelsior12-50%$129,900$1,437,500-91%
Hanover12-50%$35,500$134,950-73.7%

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