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Minnesota State Wire

Thursday, November 7, 2024

Inver Grove Heights home prices fall in October 2020

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The median sale price of a home sold in October 2020 in Inver Grove Heights fell by $14,700 while total sales decreased by 37.5%, according to BlockShopper.com.

In October 2020, there were 25 homes sold, with a median sale price of $242,000 - a 5.7% decrease over the $256,700 median sale price for the same period of the previous year. There were 40 homes sold in Inver Grove Heights in October 2019.

The median sales tax in Inver Grove Heights for the most recent year with available data, 2019, was $2,852, approximately 1.2% of the median home sale price for October 2020.

The following table compares Inver Grove Heights to other Dakota County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Mendota Heights617-64.7%$329,500$356,985-7.7%
Eagan4081-50.6%$327,500$285,50014.7%
Farmington3234-5.9%$319,250$261,60022%
Apple Valley5569-20.3%$307,000$283,5008.3%
Northfield550%$300,000$225,00033.3%
Hastings2639-33.3%$297,450$230,00029.3%
Burnsville4576-40.8%$269,000$278,000-3.2%
Hampton51400%$265,000$10,0002550%
South St. Paul1730-43.3%$257,000$220,00016.8%
West St. Paul1117-35.3%$245,000$255,300-4%
Inver Grove Heights2540-37.5%$242,000$256,700-5.7%

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