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Minnesota State Wire

Friday, September 12, 2025

Excelsior home prices fall in June 2018

Re 1

The median sale price of a home sold in June 2018 in Excelsior fell by $1,285,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In June 2018, there were two homes sold, with a median sale price of $839,250 - a 60.5% decrease over the $2,125,000 median sale price for the same period of the previous year. There were three homes sold in Excelsior in June 2017.

The median sales tax in Excelsior for the most recent year with available data, 2015, was $5,453, approximately 0.6% of the median home sale price for June 2018.

The following table compares Excelsior to other Hennepin County cities with similar median sales prices in June 2018:

CityJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
Minnetonka Beach21100%$1,252,500$3,275,000-61.8%
Greenwood42100%$982,500$1,186,000-17.2%
Deephaven69-33.3%$952,000$962,400-1.1%
Tonka Bay26-66.7%$891,097.50$1,023,196.50-12.9%
Excelsior23-33.3%$839,250$2,125,000-60.5%
Medina1319-31.6%$807,000$538,00050%
Orono1820-10%$737,600$476,60054.8%
Wayzata11683.3%$614,900$517,75018.8%
Independence48-50%$574,950$400,90043.4%
Edina6793-28%$510,000$555,000-8.1%
Shorewood262218.2%$469,950$431,4508.9%

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