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Minnesota State Wire

Friday, September 12, 2025

Greenwood home prices fall in the first half of 2018

Realestate4

The median sale price of a home sold in the first half of 2018 in Greenwood fell by $275,000 while total sales increased by 83.3%, according to BlockShopper.com.

From January through June of 2018, there were 11 homes sold, with a median sale price of $875,000 - a 23.9% decrease over the $1,150,000 median sale price for the same period of the previous year. There were six homes sold in Greenwood in the first half of 2017.

The median sales tax in Greenwood for the most recent year with available data, 2015, was $9,543, approximately 1.1% of the median home sale price for the first half of 2018.

The following table compares Greenwood to other Hennepin County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Woodland440%$1,132,368.50$1,106,2502.4%
Tonka Bay1016-37.5%$1,050,000$482,000117.8%
Minnetonka Beach6520%$970,000$1,640,000-40.9%
Greenwood11683.3%$875,000$1,150,000-23.9%
Orono92104-11.5%$723,050$526,25037.4%
Medina726020%$650,427.50$629,7503.3%
Wayzata413228.1%$625,000$594,048.755.2%
Medicine Lake220%$612,223.43$718,000-14.7%
Hanover58-37.5%$600,000$404,99648.1%
Excelsior1720-15%$540,000$445,00021.3%
Deephaven2628-7.1%$525,000$542,250-3.2%

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