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Minnesota State Wire

Wednesday, November 6, 2024

New Brighton home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in New Brighton rose by $12,000 while total sales increased by 19.7%, according to BlockShopper.com.

From July through September of 2019, there were 85 homes sold, with a median sale price of $299,000 - a 4.2% increase over the $287,000 median sale price for the same period of the previous year. There were 71 homes sold in New Brighton in the third quarter of 2018.

The median sales tax in New Brighton for 2019 was $3,632. In 2018, the median sales tax was $3,317. This marks an increase of 9.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares New Brighton to other Ramsey County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Gem Lake12-50%$496,000$210,000136.2%
Arden Hills2231-29%$396,200$400,000-1%
Bellaire45-20%$361,000$275,00031.3%
Falcon Heights1522-31.8%$325,000$332,700-2.3%
Shoreview1058129.6%$312,500$295,0005.9%
New Brighton857119.7%$299,000$287,0004.2%
Roseville14110731.8%$273,000$254,0007.5%
White Bear Lake101117-13.7%$267,000$236,00013.1%
Little Canada41395.1%$265,000$240,00010.4%
Vadnais Heights5259-11.9%$262,650$265,000-0.9%
Maplewood116137-15.3%$260,000$247,0005.3%

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