In September 2019, there were 394 homes sold, with a median sale price of $282,250 - a 13.5% increase over the $248,700 median sale price for the same period of the previous year. There were 489 homes sold in Minneapolis in September 2018.
The median sales tax in Minneapolis for the most recent year with available data, 2015, was $2,968, approximately 1.1% of the median home sale price for September 2019.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Golden Valley | 31 | 40 | -22.5% | $337,000 | $298,575 | 12.9% |
| Independence | 4 | 5 | -20% | $327,500 | $498,000 | -34.2% |
| St. Louis Park | 53 | 65 | -18.5% | $319,000 | $297,000 | 7.4% |
| St. Anthony | 5 | 10 | -50% | $300,000 | $328,900.50 | -8.8% |
| Loretto | 1 | 2 | -50% | $292,000 | $247,450 | 18% |
| Minneapolis | 394 | 489 | -19.4% | $282,250 | $248,700 | 13.5% |
| Champlin | 27 | 31 | -12.9% | $280,000 | $262,000 | 6.9% |
| Richfield | 39 | 49 | -20.4% | $280,000 | $250,000 | 12% |
| Bloomington | 92 | 123 | -25.2% | $276,125 | $272,500 | 1.3% |
| Mound | 18 | 13 | 38.5% | $270,000 | $256,250 | 5.4% |
| Maple Plain | 2 | 0 | - | $263,317.50 | $0 | - |
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