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Minnesota State Wire

Saturday, September 13, 2025

Rising home prices in Deephaven in the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Deephaven rose by $194,965 while total sales decreased by 52%, according to BlockShopper.com.

From January through June of 2021, there were 12 homes sold, with a median sale price of $898,765 - a 27.7% increase over the $703,800 median sale price for the same period of the previous year. There were 25 homes sold in Deephaven in the first half of 2020.

The median sales tax in Deephaven for the most recent year with available data, 2019, was $7,392, approximately 0.8% of the median home sale price for the first half of 2021.

The following table compares Deephaven to other Hennepin County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Greenwood4333.3%$1,332,060.50$375,000255.2%
Minnetonka Beach220%$1,248,000$1,315,000-5.1%
Medicine Lake13-66.7%$990,000$574,00072.5%
Deephaven1225-52%$898,765.45$703,80027.7%
Orono4552-13.5%$745,000$481,90054.6%
Independence1422-36.4%$708,375$466,40051.9%
Edina207282-26.6%$693,000$559,25023.9%
Tonka Bay9812.5%$670,000$611,2509.6%
Wayzata1621-23.8%$649,250$870,000-25.4%
Excelsior613-53.8%$622,450$658,500-5.5%
Medina1746-63%$605,000$551,0009.8%

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