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Minnesota State Wire

Thursday, November 7, 2024

December 2020: Edina experienced a 21% increase in median home prices

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The median sale price of a home sold in December 2020 in Edina rose by $116,150 while total sales decreased by 76.3%, according to BlockShopper.com.

In December 2020, there were nine homes sold, with a median sale price of $669,900 - a 21% increase over the $553,750 median sale price for the same period of the previous year. There were 38 homes sold in Edina in December 2019.

The median sales tax in Edina for the most recent year with available data, 2019, was $7,085, approximately 1.1% of the median home sale price for December 2020.

The following table compares Edina to other Hennepin County cities with similar median sale prices in December 2020:

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Medina27-71.4%$1,685,000$345,000388.4%
Minnetrista121-95.2%$1,150,000$437,500162.9%
Spring Park110%$1,000,000$840,00019%
Mound312-75%$700,000$221,500216%
Edina938-76.3%$669,900$553,75021%
Eden Prairie544-88.6%$600,000$394,90051.9%
Minnetonka854-85.2%$545,350$391,00039.5%
Deephaven27-71.4%$470,000$550,000-14.5%
Shorewood29-77.8%$456,000$445,0002.5%
Orono47-42.9%$420,000$1,300,000-67.7%
Plymouth573-93.2%$395,000$355,00011.3%

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