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Minnesota State Wire

Wednesday, November 6, 2024

Hopkins home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Hopkins rose by $34,000 while total sales decreased by 30.4%, according to BlockShopper.com.

From January through June of 2020, there were 64 homes sold, with a median sale price of $325,000 - a 11.7% increase over the $291,000 median sale price for the same period of the previous year. There were 92 homes sold in Hopkins in the first half of 2019.

The median sales tax in Hopkins for the most recent year with available data, 2019, was $4,455, approximately 1.4% of the median home sale price for the first half of 2020.

The following table compares Hopkins to other Hennepin County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Golden Valley133183-27.3%$364,000$342,0006.4%
St. Anthony2033-39.4%$337,500$330,0002.3%
St. Louis Park283386-26.7%$334,500$320,0004.5%
Maple Grove442484-8.7%$332,850$315,0005.7%
Rogers5995-37.9%$329,900$310,0006.4%
Hopkins6492-30.4%$325,000$291,00011.7%
Long Lake141127.3%$310,500$325,200-4.5%
Dayton272317.4%$305,000$282,0008.2%
Bloomington316561-43.7%$303,000$283,5006.9%
Minneapolis1,8812,648-29%$291,500$274,0006.4%
Champlin122170-28.2%$280,000$266,7005%

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