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Minnesota State Wire

Friday, September 12, 2025

Deephaven home prices fall in the first quarter of 2018

Realestate5

The median sale price of a home sold in the first quarter of 2018 in Deephaven fell by $33,500 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2018, there were nine homes sold, with a median sale price of $425,000 - a 7.3% decrease over the $458,500 median sale price for the same period of the previous year. There were six homes sold in Deephaven in the first quarter of 2017.

The median sales tax in Deephaven for the most recent year with available data, 2015, was $6,385, approximately 1.5% of the median home sale price for the first quarter of 2018.

The following table compares Deephaven to other Hennepin County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Orono413613.9%$587,500$606,000-3.1%
Shorewood2529-13.8%$545,000$497,5009.5%
Independence11922.2%$510,525$570,000-10.4%
Edina134138-2.9%$474,950$499,000-4.8%
Excelsior711-36.4%$460,000$495,000-7.1%
Deephaven9650%$425,000$458,500-7.3%
Minnetrista4150-18%$403,000$406,141.50-0.8%
Eden Prairie1431355.9%$368,000$337,0009.2%
Dayton17166.3%$365,870$385,000-5%
Minnetonka119144-17.4%$360,000$326,119.5010.4%
Corcoran1122-50%$350,000$392,734.50-10.9%

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