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Minnesota State Wire

Wednesday, September 10, 2025

Northfield home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Northfield fell by $124,000 while total sales increased by 142.9%, according to BlockShopper.com.

From April through June of 2017, there were 17 homes sold, with a median sale price of $206,000 - a 37.6% decrease over the $330,000 median sale price for the same period of the previous year. There were seven homes sold in Northfield in the second quarter of 2016.

The median sales tax in Northfield for the most recent year with available data, 2014, was $2,925, approximately 1.4% of the median home sale price for the second quarter of 2017.

The following table compares Northfield to other Dakota County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Burnsville298301-1%$249,900$244,0002.4%
Farmington19517610.8%$247,500$222,50011.2%
Vermillion63100%$246,500$250,000-1.4%
Hampton8633.3%$242,142.50$175,00038.4%
Waterford13-66.7%$240,000$252,250-4.9%
Apple Valley338352-4%$225,050$230,000-2.2%
Northfield177142.9%$206,000$330,000-37.6%
Inver Grove Heights1641621.2%$200,250$200,0000.1%
West St. Paul100112-10.7%$199,950$148,00035.1%
Hastings1541428.5%$194,000$204,000-4.9%
South St. Paul102105-2.9%$187,500$180,0004.2%

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