From July through September of 2019, there were 38 homes sold, with a median sale price of $618,653 - a 1% decrease over the $624,722 median sale price for the same period of the previous year. There were 36 homes sold in Medina in the third quarter of 2018.
The median sales tax in Medina for the most recent year with available data, 2015, was $5,848, approximately 0.9% of the median home sale price for the third quarter of 2019.
The following table compares Medina to other Hennepin County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medicine Lake | 1 | 1 | 0% | $935,000 | $138,000 | 577.5% |
| Tonka Bay | 6 | 8 | -25% | $739,000 | $871,000 | -15.2% |
| Deephaven | 28 | 21 | 33.3% | $672,500 | $875,000 | -23.1% |
| Spring Park | 7 | 6 | 16.7% | $668,000 | $335,750 | 99% |
| Orono | 59 | 66 | -10.6% | $666,000 | $577,450 | 15.3% |
| Medina | 38 | 36 | 5.6% | $618,652.50 | $624,722 | -1% |
| Excelsior | 9 | 6 | 50% | $600,000 | $475,000 | 26.3% |
| Edina | 232 | 236 | -1.7% | $587,450 | $562,852 | 4.4% |
| Independence | 16 | 18 | -11.1% | $459,264.53 | $515,000 | -10.8% |
| Shorewood | 37 | 46 | -19.6% | $440,000 | $450,000 | -2.2% |
| Minnetrista | 57 | 64 | -10.9% | $414,990 | $370,000 | 12.2% |
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