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Minnesota State Wire

Tuesday, November 5, 2024

Empire home prices fall in August 2019

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The median sale price of a home sold in August 2019 in Empire fell by $91,950 while total sales increased by 150%, according to BlockShopper.com.

In August 2019, there were five homes sold, with a median sale price of $195,000 - a 32% decrease over the $286,950 median sale price for the same period of the previous year. There were two homes sold in Empire in August 2018.

The median sales tax in Empire for 2019 was $3,441. In 2018, the median sales tax was $3,191. This marks an increase of 7.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Empire to other Dakota 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)
Burnsville1161132.7%$285,000$276,0003.3%
Rosemount3941-4.9%$284,000$249,50013.8%
Apple Valley1181170.9%$281,750$233,00020.9%
Hampton12-50%$279,025$75,000272%
Lilydale41300%$269,000$586,000-54.1%
Hastings54523.8%$250,000$234,2506.7%
Inver Grove Heights47439.3%$234,000$265,000-11.7%
Randolph23-33.3%$233,000$432,500-46.1%
West St. Paul31303.3%$228,000$212,4507.3%
South St. Paul3355-40%$224,900$200,00012.5%
Empire52150%$195,000$286,950-32%

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