From October through December of 2017, there were seven homes sold, with a median sale price of $285,000 - a 27.5% increase over the $223,500 median sale price for the same period of the previous year. There were eight homes sold in Long Lake in the fourth quarter of 2016.
The median sales tax in Long Lake for the most recent year with available data, 2015, was $3,035, approximately 1.1% of the median home sale price for the fourth quarter of 2017.
The following table compares Long Lake 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) |
|---|---|---|---|---|---|---|
| Golden Valley | 79 | 66 | 19.7% | $331,500 | $302,500 | 9.6% |
| Plymouth | 210 | 215 | -2.3% | $325,000 | $325,000 | 0% |
| Hanover | 1 | 2 | -50% | $318,000 | $378,807.50 | -16.1% |
| Rogers | 36 | 45 | -20% | $299,000 | $279,900 | 6.8% |
| St. Anthony | 18 | 22 | -18.2% | $285,250 | $259,950 | 9.7% |
| Long Lake | 7 | 8 | -12.5% | $285,000 | $223,500 | 27.5% |
| Maple Plain | 5 | 9 | -44.4% | $284,900 | $246,000 | 15.8% |
| Maple Grove | 232 | 206 | 12.6% | $269,200 | $268,450 | 0.3% |
| St. Louis Park | 152 | 128 | 18.8% | $266,000 | $245,000 | 8.6% |
| Bloomington | 220 | 210 | 4.8% | $259,950 | $228,500 | 13.8% |
| Champlin | 66 | 64 | 3.1% | $251,800 | $225,500 | 11.7% |
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