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Minnesota State Wire

Wednesday, November 6, 2024

Falling home prices in Edina in September 2021

Re 1

The median sale price of a home sold in September 2021 in Edina fell by $105,000 while total sales decreased by 41.7%, according to BlockShopper.com.

In September 2021, there were 28 homes sold, with a median sale price of $592,500 - a 15.1% decrease over the $697,500 median sale price for the same period of the previous year. There were 48 homes sold in Edina in September 2020.

The median sales tax in Edina for the most recent year with available data, 2019, was $7,085, approximately 1.2% of the median home sale price for September 2021.

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

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Dayton45-20%$1,170,330$310,000277.5%
Orono10911.1%$962,500$640,00050.4%
Medina410-60%$872,500$618,12541.2%
Corcoran62200%$696,750$350,75098.6%
Greenfield61500%$612,500$837,000-26.8%
Edina2848-41.7%$592,500$697,500-15.1%
Minnetrista617-64.7%$572,834.50$579,000-1.1%
Minnetonka2438-36.8%$570,500$394,95044.4%
Minnetonka Beach10-$550,000$0-
Wayzata15-80%$545,000$475,00014.7%
Shorewood26-66.7%$540,750$480,00012.7%

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