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Minnesota State Wire

Thursday, November 7, 2024

2020: Empire experienced a 6.5% drop in median home prices

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The median sale price of a home sold in 2020 in Empire fell by $20,000 while total sales increased by 30.3%, according to BlockShopper.com.

From January through December of 2020, there were 43 homes sold, with a median sale price of $290,000 - a 6.5% decrease over the $310,000 median sale price for the previous year. There were 33 homes sold in Empire in 2019.

The median sales tax in Empire for the most recent year with available data, 2019, was $3,441, approximately 1.2% of the median home sale price for 2020.

The following table compares Empire to other Dakota County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Lakeville774941-17.7%$337,250$307,5009.7%
Northfield3747-21.3%$315,000$265,10018.8%
Rosemount317433-26.8%$313,000$280,00011.8%
Eagan7401,050-29.5%$307,500$295,0004.2%
Burnsville742908-18.3%$295,000$269,9009.3%
Empire433330.3%$290,000$310,000-6.5%
Farmington389509-23.6%$289,900$262,50010.4%
Vermillion1011-9.1%$283,500$260,7508.7%
Apple Valley739941-21.5%$270,000$270,0000%
Castle Rock11837.5%$268,000$292,500-8.4%
Hampton261662.5%$250,250$272,500-8.2%

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