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Minnesota State Wire

Thursday, November 7, 2024

Wayzata 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 Wayzata rose by $434,600 while total sales decreased by 53.8%, according to BlockShopper.com.

From January through June of 2020, there were 18 homes sold, with a median sale price of $1,034,500 - a 72.4% increase over the $599,900 median sale price for the same period of the previous year. There were 39 homes sold in Wayzata in the first half of 2019.

The median sales tax in Wayzata for the most recent year with available data, 2019, was $7,696, approximately 0.7% of the median home sale price for the first half of 2020.

The following table compares Wayzata 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)
Minnetonka Beach21100%$1,315,000$1,980,000-33.6%
Wayzata1839-53.8%$1,034,500$599,90072.4%
Woodland28-75%$900,000$933,750-3.6%
Excelsior1217-29.4%$735,500$475,00054.8%
Spring Park63100%$664,250$630,0005.4%
Deephaven2235-37.1%$651,900$630,0003.5%
Tonka Bay612-50%$605,000$810,000-25.3%
Medicine Lake34-25%$574,000$990,000-42%
Medina4459-25.4%$553,500$596,237-7.2%
Independence1734-50%$540,000$412,50030.9%
Edina258353-26.9%$539,000$541,500-0.5%

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