From October through December of 2019, there were two homes sold, with a median sale price of $382,450 - a 73.8% increase over the $220,000 median sale price for the same period of the previous year. There were five homes sold in Randolph in the fourth quarter of 2018.
The median sales tax in Randolph for 2019 was $2,253. In 2018, the median sales tax was $2,000. This marks an increase of 12.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.
The following table compares Randolph to other Dakota County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nininger | 1 | 1 | 0% | $610,000 | $415,000 | 47% |
| Lilydale | 2 | 4 | -50% | $451,000 | $228,500 | 97.4% |
| Mendota Heights | 48 | 45 | 6.7% | $397,450 | $307,000 | 29.5% |
| Randolph | 2 | 5 | -60% | $382,450 | $220,000 | 73.8% |
| Lakeville | 185 | 228 | -18.9% | $302,000 | $290,375 | 4% |
| Rosemount | 88 | 94 | -6.4% | $282,700 | $287,500 | -1.7% |
| Eagan | 219 | 241 | -9.1% | $280,000 | $273,000 | 2.6% |
| Eureka Center | 2 | 3 | -33.3% | $280,000 | $285,000 | -1.8% |
| Farmington | 100 | 106 | -5.7% | $276,250 | $242,200 | 14.1% |
| Burnsville | 191 | 231 | -17.3% | $273,000 | $255,000 | 7.1% |
| Apple Valley | 184 | 225 | -18.2% | $264,475 | $240,000 | 10.2% |
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