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Minnesota State Wire

Thursday, November 7, 2024

The second half of 2020: Home prices in Northfield fell

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The median sale price of a home sold in the second half of 2020 in Northfield fell by $10,000 while total sales decreased by 45.2%, according to BlockShopper.com.

From July through December of 2020, there were 17 homes sold, with a median sale price of $265,000 - a 3.6% decrease over the $275,000 median sale price for the same period of the previous year. There were 31 homes sold in Northfield in the second half of 2019.

The median sales tax in Northfield for the most recent year with available data, 2019, was $3,783, approximately 1.4% of the median home sale price for the second half of 2020.

The following table compares Northfield to other Dakota 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)
Eagan367559-34.3%$319,900$299,0007%
Rosemount176211-16.6%$311,500$288,0008.2%
Burnsville393491-20%$303,000$275,00010.2%
Farmington198264-25%$292,300$272,7257.2%
Hampton2211100%$270,000$275,000-1.8%
Apple Valley357504-29.2%$268,000$275,500-2.7%
Inver Grove Heights189244-22.5%$266,000$251,0006%
Northfield1731-45.2%$265,000$275,000-3.6%
Hastings179249-28.1%$250,000$235,0006.4%
West St. Paul88128-31.3%$246,800$239,8252.9%
South St. Paul130167-22.2%$244,000$220,00010.9%

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