In August 2020, there were six homes sold, with a median sale price of $692,500 - a 13.4% increase over the $610,520 median sale price for the same period of the previous year. There were 14 homes sold in Medina in August 2019.
The median sales tax in Medina for the most recent year with available data, 2019, was $6,289, approximately 0.9% of the median home sale price for August 2020.
The following table compares Medina to other Hennepin County cities with similar median sales prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Orono | 6 | 26 | -76.9% | $1,137,500 | $663,000 | 71.6% |
| Greenwood | 2 | 1 | 100% | $1,065,000 | $1,625,000 | -34.5% |
| Deephaven | 3 | 11 | -72.7% | $1,000,000 | $630,000 | 58.7% |
| Independence | 1 | 6 | -83.3% | $975,000 | $586,500 | 66.2% |
| Medina | 6 | 14 | -57.1% | $692,500 | $610,520 | 13.4% |
| Edina | 35 | 100 | -65% | $660,000 | $592,500 | 11.4% |
| Excelsior | 2 | 3 | -33.3% | $632,250 | $805,500 | -21.5% |
| Shorewood | 7 | 21 | -66.7% | $520,000 | $460,000 | 13% |
| Wayzata | 2 | 6 | -66.7% | $517,500 | $447,500 | 15.6% |
| St. Anthony | 1 | 6 | -83.3% | $490,000 | $402,000 | 21.9% |
| Minnetonka | 24 | 93 | -74.2% | $426,000 | $335,000 | 27.2% |
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