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Minnesota State Wire

Wednesday, November 6, 2024

Eden Prairie home prices fall in the first half of 2020

Realestate2

The median sale price of a home sold in the first half of 2020 in Eden Prairie fell by $15,563 while total sales decreased by 47.2%, according to BlockShopper.com.

From January through June of 2020, there were 238 homes sold, with a median sale price of $394,938 - a 3.8% decrease over the $410,500 median sale price for the same period of the previous year. There were 451 homes sold in Eden Prairie in the first half of 2019.

The median sales tax in Eden Prairie for the most recent year with available data, 2019, was $4,772, approximately 1.2% of the median home sale price for the first half of 2020.

The following table compares Eden Prairie 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)
Orono4686-46.5%$466,900$613,000-23.8%
Shorewood5569-20.3%$465,000$550,000-15.5%
Minnetonka265398-33.4%$425,000$382,50011.1%
Greenfield21210%$397,500$417,500-4.8%
Hanover58-37.5%$397,000$384,9503.1%
Eden Prairie238451-47.2%$394,937.50$410,500-3.8%
Corcoran3335-5.7%$375,000$412,900-9.2%
Greenwood36-50%$375,000$930,000-59.7%
Plymouth388503-22.9%$369,300$364,0001.5%
Golden Valley133183-27.3%$364,000$342,0006.4%
St. Anthony2033-39.4%$337,500$330,0002.3%

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