From January through March of 2020, there were 814 homes sold, with a median sale price of $278,100 - a 8% increase over the $257,500 median sale price for the same period of the previous year. There were 995 homes sold in Minneapolis in the first quarter of 2019.
The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,936, approximately 1.4% of the median home sale price for the first quarter of 2020.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 123 | 145 | -15.2% | $310,000 | $308,000 | 0.6% |
| Dayton | 9 | 6 | 50% | $305,000 | $395,625 | -22.9% |
| Hopkins | 32 | 31 | 3.2% | $294,500 | $305,000 | -3.4% |
| Greenfield | 8 | 6 | 33.3% | $292,450 | $397,500 | -26.4% |
| Long Lake | 7 | 6 | 16.7% | $292,000 | $332,600 | -12.2% |
| Minneapolis | 814 | 995 | -18.2% | $278,100 | $257,500 | 8% |
| Richfield | 72 | 76 | -5.3% | $276,150 | $248,750 | 11% |
| Champlin | 56 | 51 | 9.8% | $268,950 | $260,000 | 3.4% |
| Mound | 34 | 37 | -8.1% | $268,900 | $254,899 | 5.5% |
| Brooklyn Park | 180 | 212 | -15.1% | $253,636.77 | $245,985 | 3.1% |
| New Hope | 39 | 37 | 5.4% | $253,500 | $255,000 | -0.6% |
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