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Minnesota State Wire

Thursday, November 7, 2024

Home prices increased in Northfield during December 2020

Re 9

The median sale price of a home sold in December 2020 in Northfield rose by $125,950 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In December 2020, there were two homes sold, with a median sale price of $324,950 - a 63.3% increase over the $199,000 median sale price for the same period of the previous year. There were two homes sold in Northfield in December 2019, as well.

The median sales tax in Northfield for the most recent year with available data, 2019, was $3,783, approximately 1.2% of the median home sale price for December 2020.

The following table compares Northfield to other Dakota 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)
Eureka Center21100%$524,918$210,000150%
Mendota Heights131118.2%$460,000$395,00016.5%
Empire4333.3%$354,500$200,00077.3%
Castle Rock110%$325,000$200,00062.5%
Inver Grove Heights2332-28.1%$325,000$237,75036.7%
Northfield220%$324,950$199,00063.3%
Lakeville4157-28.1%$312,500$283,00010.4%
Rosemount2026-23.1%$306,500$271,40012.9%
Apple Valley4552-13.5%$304,000$258,95017.4%
Eagan4874-35.1%$294,800$263,50011.9%
Burnsville5160-15%$289,000$271,5006.4%

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