In February 2021, there were 88 homes sold, with a median sale price of $296,500 - a 9.9% increase over the $269,850 median sale price for the same period of the previous year. There were 282 homes sold in Minneapolis in February 2020.
The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,937, approximately 1.3% of the median home sale price for February 2021.
The following table compares Minneapolis to other Hennepin County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Orono | 3 | 8 | -62.5% | $365,000 | $420,000 | -13.1% |
| Bloomington | 18 | 49 | -63.3% | $317,500 | $305,000 | 4.1% |
| Golden Valley | 6 | 20 | -70% | $315,250 | $341,000 | -7.6% |
| St. Louis Park | 6 | 39 | -84.6% | $305,000 | $283,500 | 7.6% |
| Hopkins | 2 | 11 | -81.8% | $302,850 | $326,000 | -7.1% |
| Minneapolis | 88 | 282 | -68.8% | $296,500 | $269,850 | 9.9% |
| Maple Grove | 3 | 68 | -95.6% | $295,000 | $325,000 | -9.2% |
| New Hope | 5 | 16 | -68.8% | $295,000 | $254,250 | 16% |
| Brooklyn Park | 15 | 61 | -75.4% | $280,000 | $255,000 | 9.8% |
| Crystal | 5 | 21 | -76.2% | $275,000 | $229,900 | 19.6% |
| Robbinsdale | 4 | 22 | -81.8% | $271,250 | $256,000 | 6% |
Alerts Sign-up