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Minnesota State Wire

Wednesday, November 6, 2024

Maple Grove home prices fall in July 2020

Re 1

The median sale price of a home sold in July 2020 in Maple Grove fell by $22,000 while total sales decreased by 59.9%, according to BlockShopper.com.

In July 2020, there were 57 homes sold, with a median sale price of $340,000 - a 6.1% decrease over the $362,000 median sale price for the same period of the previous year. There were 142 homes sold in Maple Grove in July 2019.

The median sales tax in Maple Grove for the most recent year with available data, 2019, was $3,926, approximately 1.2% of the median home sale price for July 2020.

The following table compares Maple Grove to other Hennepin County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Corcoran16-83.3%$385,000$380,5001.2%
Plymouth51152-66.4%$380,000$395,752.50-4%
Shorewood510-50%$370,000$397,500-6.9%
St. Louis Park4787-46%$369,900$306,00020.9%
St. Anthony610-40%$340,500$400,000-14.9%
Maple Grove57142-59.9%$340,000$362,000-6.1%
Maple Plain15-80%$335,000$265,00026.4%
Mound1522-31.8%$319,900$295,0008.4%
Bloomington56139-59.7%$310,000$299,9003.4%
Hopkins1025-60%$309,467.50$301,0002.8%
Minneapolis232596-61.1%$304,062$281,3258.1%

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