In March 2018, there were 401 homes sold, with a median sale price of $260,000 - a 18.7% increase over the $218,950 median sale price for the same period of the previous year. There were 402 homes sold in Minneapolis in March 2017.
The median sales tax in Minneapolis for the most recent year with available data, 2015, was $2,968, approximately 1.1% of the median home sale price for March 2018.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mound | 15 | 17 | -11.8% | $321,000 | $201,000 | 59.7% |
| St. Louis Park | 62 | 51 | 21.6% | $302,000 | $269,900 | 11.9% |
| Maple Grove | 70 | 85 | -17.6% | $291,000 | $265,000 | 9.8% |
| Hopkins | 19 | 21 | -9.5% | $290,000 | $233,000 | 24.5% |
| Bloomington | 71 | 81 | -12.3% | $263,000 | $254,000 | 3.5% |
| Minneapolis | 401 | 402 | -0.2% | $260,000 | $218,950 | 18.7% |
| Loretto | 3 | 0 | - | $253,000 | $0 | - |
| Champlin | 18 | 32 | -43.8% | $252,500 | $234,750 | 7.6% |
| Maple Plain | 2 | 1 | 100% | $239,000 | $211,000 | 13.3% |
| New Hope | 19 | 20 | -5% | $237,000 | $234,250 | 1.2% |
| Richfield | 38 | 46 | -17.4% | $235,000 | $245,827 | -4.4% |
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