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Minnesota State Wire

Monday, November 4, 2024

Edina home prices rise in August 2019

Realestate2

The median sale price of a home sold in August 2019 in Edina rose by $57,500 while total sales increased by 13.8%, according to BlockShopper.com.

In August 2019, there were 99 homes sold, with a median sale price of $585,000 - a 10.9% increase over the $527,500 median sale price for the same period of the previous year. There were 87 homes sold in Edina in August 2018.

The median sales tax in Edina for the most recent year with available data, 2015, was $6,269, approximately 1.1% of the median home sale price for August 2019.

The following table compares Edina to other Hennepin County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Excelsior3250%$805,500$410,00096.5%
Orono2531-19.4%$660,000$590,00011.9%
Deephaven1112-8.3%$630,000$680,750-7.5%
Medina14140%$610,520$584,2504.5%
Independence67-14.3%$586,500$520,00012.8%
Edina998713.8%$585,000$527,50010.9%
Hanover10-$560,000$0-
Greenfield612-50%$482,500$294,95063.6%
Shorewood211723.5%$460,000$450,0002.2%
Wayzata68-25%$447,500$855,000-47.7%
Dayton68-25%$438,500$300,50045.9%

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