From July through September of 2017, there were 1,454 homes sold, with a median sale price of $245,000 - a 8.9% increase over the $225,000 median sale price for the same period of the previous year. There were 1,499 homes sold in Minneapolis in the third quarter of 2016.
The median sales tax in Minneapolis for the most recent year with available data, 2015, was $2,968, approximately 1.2% of the median home sale price for the third quarter of 2017.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Spring Park | 5 | 9 | -44.4% | $281,900 | $435,000 | -35.2% |
| Hanover | 4 | 1 | 300% | $266,000 | $415,510 | -36% |
| Bloomington | 278 | 321 | -13.4% | $255,150 | $243,000 | 5% |
| New Hope | 68 | 75 | -9.3% | $247,450 | $230,000 | 7.6% |
| Champlin | 104 | 110 | -5.5% | $245,000 | $225,000 | 8.9% |
| Minneapolis | 1,454 | 1,499 | -3% | $245,000 | $225,000 | 8.9% |
| Hopkins | 54 | 47 | 14.9% | $242,475 | $232,000 | 4.5% |
| Richfield | 156 | 173 | -9.8% | $239,650 | $225,000 | 6.5% |
| Brooklyn Park | 324 | 380 | -14.7% | $235,450 | $215,000 | 9.5% |
| Osseo | 12 | 11 | 9.1% | $233,500 | $225,000 | 3.8% |
| Mound | 58 | 65 | -10.8% | $225,000 | $230,000 | -2.2% |
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