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Minnesota State Wire

Wednesday, November 6, 2024

August 2021: Orono experienced a 44.5% drop in median home prices

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The median sale price of a home sold in August 2021 in Orono fell by $351,000 while total sales decreased by 72.7%, according to BlockShopper.com.

In August 2021, there were three homes sold, with a median sale price of $438,000 - a 44.5% decrease over the $789,000 median sale price for the same period of the previous year. There were 11 homes sold in Orono in August 2020.

The median sales tax in Orono for the most recent year with available data, 2019, was $6,598, approximately 1.5% of the median home sale price for August 2021.

The following table compares Orono to other Hennepin County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Rogers412-66.7%$552,500$372,50048.3%
Golden Valley917-47.1%$490,000$409,90019.5%
Plymouth3264-50%$472,500$401,585.5017.7%
Eden Prairie2831-9.7%$450,250$450,0000.1%
Minnetonka2353-56.6%$448,000$426,0005.2%
Orono311-72.7%$438,000$789,000-44.5%
Hopkins613-53.8%$385,000$315,00022.2%
Maple Grove3580-56.3%$372,558$403,600-7.7%
Mound617-64.7%$370,000$320,00015.6%
St. Anthony24-50%$365,000$414,825-12%
Hanover110%$364,900$385,000-5.2%

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