From October through December of 2017, there were 1,140 homes sold, with a median sale price of $226,075 - a 2.8% increase over the $219,950 median sale price for the same period of the previous year. There were 1,072 homes sold in Minneapolis in the fourth quarter of 2016.
The median sales tax in Minneapolis for the most recent year with available data, 2015, was $2,968, approximately 1.3% of the median home sale price for the fourth quarter of 2017.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Champlin | 66 | 64 | 3.1% | $251,800 | $225,500 | 11.7% |
| Hopkins | 51 | 50 | 2% | $240,000 | $245,825 | -2.4% |
| Mound | 68 | 66 | 3% | $238,950 | $227,500 | 5% |
| Richfield | 135 | 121 | 11.6% | $235,000 | $226,000 | 4% |
| Brooklyn Park | 286 | 277 | 3.2% | $227,450 | $213,500 | 6.5% |
| Minneapolis | 1,140 | 1,072 | 6.3% | $226,075 | $219,950 | 2.8% |
| Spring Park | 3 | 5 | -40% | $221,000 | $433,000 | -49% |
| New Hope | 65 | 59 | 10.2% | $221,000 | $217,500 | 1.6% |
| Osseo | 6 | 2 | 200% | $213,750 | $232,500 | -8.1% |
| Robbinsdale | 72 | 64 | 12.5% | $208,500 | $195,900 | 6.4% |
| Crystal | 105 | 107 | -1.9% | $199,500 | $177,625 | 12.3% |
Alerts Sign-up