In April 2017, there were 54 homes sold, with a median sale price of $196,750 - a 12.6% decrease over the $225,000 median sale price for the same period of the previous year. There were 43 homes sold in Inver Grove Heights in April 2016.
The median sales tax in Inver Grove Heights for the most recent year with available data, 2014, was $2,222, approximately 1.1% of the median home sale price for April 2017.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sales prices in April 2017:
| City | Apr. 2017 Home Sales | Apr. 2016 Home Sales | % change (Total Home Sales) | Apr. 2017 Median Sales Price | Apr. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hampton | 2 | 3 | -33.3% | $252,500 | $131,000 | 92.7% |
| Farmington | 51 | 48 | 6.3% | $247,000 | $198,750 | 24.3% |
| Burnsville | 81 | 81 | 0% | $234,000 | $240,000 | -2.5% |
| Rosemount | 43 | 38 | 13.2% | $229,500 | $234,000 | -1.9% |
| Apple Valley | 81 | 91 | -11% | $225,000 | $218,800 | 2.8% |
| West St. Paul | 28 | 20 | 40% | $200,000 | $182,500 | 9.6% |
| Inver Grove Heights | 54 | 43 | 25.6% | $196,750 | $225,000 | -12.6% |
| South St. Paul | 23 | 34 | -32.4% | $192,500 | $169,950 | 13.3% |
| Hastings | 39 | 41 | -4.9% | $181,000 | $190,000 | -4.7% |
| Northfield | 5 | 3 | 66.7% | $177,900 | $245,000 | -27.4% |
| Eureka Center | 1 | 1 | 0% | $131,000 | $306,000 | -57.2% |
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