From April through June of 2019, there were 34 homes sold, with a median sale price of $582,538 - a 9.5% decrease over the $643,750 median sale price for the same period of the previous year. There were 44 homes sold in Medina in the second quarter of 2018.
The median sales tax in Medina for the most recent year with available data, 2015, was $5,848, approximately 1% of the median home sale price for the second quarter of 2019.
The following table compares Medina to other Hennepin County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tonka Bay | 7 | 5 | 40% | $1,060,000 | $1,150,000 | -7.8% |
| Greenwood | 5 | 9 | -44.4% | $900,000 | $680,000 | 32.4% |
| Woodland | 6 | 2 | 200% | $822,500 | $641,000 | 28.3% |
| Orono | 61 | 51 | 19.6% | $650,000 | $750,000 | -13.3% |
| Wayzata | 23 | 17 | 35.3% | $599,900 | $600,000 | -0% |
| Medina | 34 | 44 | -22.7% | $582,537.50 | $643,750 | -9.5% |
| Deephaven | 26 | 17 | 52.9% | $560,737.25 | $632,000 | -11.3% |
| Shorewood | 39 | 46 | -15.2% | $550,000 | $417,450 | 31.8% |
| Edina | 236 | 210 | 12.4% | $547,305 | $541,750 | 1% |
| Spring Park | 3 | 3 | 0% | $475,000 | $172,500 | 175.4% |
| Medicine Lake | 1 | 0 | - | $444,900 | $0 | - |
Alerts Sign-up