In May 2019, there were 58 homes sold, with a median sale price of $243,750 - a 11.3% increase over the $219,000 median sale price for the same period of the previous year. There were 54 homes sold in Inver Grove Heights in May 2018.
The median sales tax in Inver Grove Heights for 2019 was $2,852. In 2018, the median sales tax was $2,697. This marks an increase of 5.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rosemount | 59 | 33 | 78.8% | $282,000 | $268,500 | 5% |
| Apple Valley | 121 | 89 | 36% | $265,500 | $252,000 | 5.4% |
| Vermillion | 1 | 0 | - | $264,000 | $0 | - |
| Farmington | 51 | 39 | 30.8% | $257,000 | $250,000 | 2.8% |
| Northfield | 4 | 1 | 300% | $252,500 | $219,000 | 15.3% |
| Burnsville | 94 | 107 | -12.1% | $252,450 | $242,500 | 4.1% |
| Hastings | 59 | 47 | 25.5% | $245,000 | $225,000 | 8.9% |
| Inver Grove Heights | 58 | 54 | 7.4% | $243,750 | $219,000 | 11.3% |
| West St. Paul | 33 | 21 | 57.1% | $225,000 | $215,900 | 4.2% |
| South St. Paul | 41 | 39 | 5.1% | $222,650 | $204,000 | 9.1% |
| Lilydale | 3 | 2 | 50% | $209,000 | $530,500 | -60.6% |
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