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Minnesota State Wire

Friday, November 22, 2024

Corcoran home prices fall in April 2020

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The median sale price of a home sold in April 2020 in Corcoran fell by $37,500 while total sales increased by 50%, according to BlockShopper.com.

In April 2020, there were three homes sold, with a median sale price of $445,000 - a 7.8% decrease over the $482,500 median sale price for the same period of the previous year. There were two homes sold in Corcoran in April 2019.

The median sales tax in Corcoran for the most recent year with available data, 2019, was $4,785, approximately 1.1% of the median home sale price for April 2020.

The following table compares Corcoran to other Hennepin County cities with similar median sales prices in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Excelsior35-40%$538,750$430,00025.3%
Edina3564-45.3%$525,000$485,0008.2%
Spring Park20-$512,000$0-
Minnetrista1013-23.1%$506,380$371,13436.4%
Greenfield17-85.7%$450,000$420,0007.1%
Corcoran3250%$445,000$482,500-7.8%
Eden Prairie3385-61.2%$407,500$425,000-4.1%
Minnetonka4258-27.6%$405,000$396,0502.3%
Loretto110%$389,900$165,000136.3%
Plymouth6187-29.9%$383,500$364,0005.4%
Shorewood135160%$380,000$424,900-10.6%

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