From January through December of 2017, there were 12 homes sold, with a median sale price of $265,000 - a 15.8% increase over the $228,750 median sale price for the previous year. There were 14 homes sold in Loretto in 2016.
The median sales tax in Loretto for the most recent year with available data, 2015, was $3,148, approximately 1.2% of the median home sale price for 2017.
The following table compares Loretto to other Hennepin County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Long Lake | 31 | 27 | 14.8% | $303,000 | $250,000 | 21.2% |
| Rogers | 181 | 229 | -21% | $295,500 | $279,900 | 5.6% |
| St. Anthony | 89 | 84 | 6% | $291,655 | $258,500 | 12.8% |
| Maple Grove | 1,113 | 1,275 | -12.7% | $285,000 | $274,900 | 3.7% |
| St. Louis Park | 685 | 818 | -16.3% | $275,000 | $250,000 | 10% |
| Loretto | 12 | 14 | -14.3% | $265,000 | $228,750 | 15.8% |
| Bloomington | 1,064 | 1,106 | -3.8% | $255,200 | $238,000 | 7.2% |
| Hopkins | 221 | 213 | 3.8% | $248,000 | $230,000 | 7.8% |
| Champlin | 326 | 343 | -5% | $242,500 | $223,900 | 8.3% |
| Mound | 243 | 255 | -4.7% | $240,000 | $229,900 | 4.4% |
| Minneapolis | 5,224 | 5,424 | -3.7% | $237,000 | $220,000 | 7.7% |
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