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Thursday, November 7, 2024

What happened to the median home price in Dayton during the second half of 2020?

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The median sale price of a home sold in the second half of 2020 in Dayton fell by $57,450 while total sales decreased by 44.7%, according to BlockShopper.com.

From July through December of 2020, there were 21 homes sold, with a median sale price of $310,000 - a 15.6% decrease over the $367,450 median sale price for the same period of the previous year. There were 38 homes sold in Dayton in the second half of 2019.

The median sales tax in Dayton for the most recent year with available data, 2019, was $4,498, approximately 1.5% of the median home sale price for the second half of 2020.

The following table compares Dayton to other Hennepin County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Hopkins44106-58.5%$323,000$280,00015.4%
Mound64115-44.3%$319,900$251,00027.5%
Minneapolis1,4872,580-42.4%$315,000$281,00012.1%
Bloomington277610-54.6%$315,000$290,5008.4%
Long Lake521-76.2%$314,900$360,000-12.5%
Dayton2138-44.7%$310,000$367,450-15.6%
Maple Plain1114-21.4%$308,000$280,00010%
Richfield133305-56.4%$300,000$270,00011.1%
New Hope65148-56.1%$300,000$262,20014.4%
Brooklyn Park309537-42.5%$292,000$258,00013.2%
Champlin86202-57.4%$290,000$275,0005.5%

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