From January through March of 2017, there were 36 homes sold, with a median sale price of $606,000 - a 8.7% increase over the $557,500 median sale price for the same period of the previous year. There were 44 homes sold in Orono in the first quarter of 2016.
The median sales tax in Orono for the most recent year with available data, 2015, was $5,930, approximately 1% of the median home sale price for the first quarter of 2017.
The following table compares Orono to other Hennepin County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greenwood | 1 | 2 | -50% | $1,325,000 | $1,835,000 | -27.8% |
| Minnetonka Beach | 1 | 3 | -66.7% | $722,900 | $1,305,000 | -44.6% |
| Spring Park | 2 | 4 | -50% | $641,775 | $392,500 | 63.5% |
| Medina | 22 | 29 | -24.1% | $620,000 | $533,000 | 16.3% |
| Orono | 36 | 44 | -18.2% | $606,000 | $557,500 | 8.7% |
| Independence | 9 | 7 | 28.6% | $570,000 | $531,230 | 7.3% |
| Wayzata | 14 | 27 | -48.1% | $551,622.50 | $485,000 | 13.7% |
| Edina | 138 | 139 | -0.7% | $499,000 | $447,500 | 11.5% |
| Shorewood | 29 | 31 | -6.5% | $497,500 | $365,000 | 36.3% |
| Excelsior | 11 | 10 | 10% | $495,000 | $315,900 | 56.7% |
| Tonka Bay | 6 | 3 | 100% | $489,500 | $299,900 | 63.2% |
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