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Minnesota State Wire

Wednesday, November 6, 2024

The second half of 2020: Rosemount experienced a 8.2% increase in median home prices

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The median sale price of a home sold in the second half of 2020 in Rosemount rose by $23,500 while total sales decreased by 16.6%, according to BlockShopper.com.

From July through December of 2020, there were 176 homes sold, with a median sale price of $311,500 - a 8.2% increase over the $288,000 median sale price for the same period of the previous year. There were 211 homes sold in Rosemount in the second half of 2019.

The median sales tax in Rosemount for the most recent year with available data, 2019, was $3,066, approximately 1% of the median home sale price for the second half of 2020.

The following table compares Rosemount 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)
Lakeville434490-11.4%$345,000$312,00010.6%
Empire221637.5%$326,950$285,00014.7%
Castle Rock7475%$325,000$292,50011.1%
Vermillion7540%$320,000$315,0001.6%
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%

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