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Minnesota State Wire

Tuesday, November 5, 2024

What happened to the median home price in Champlin during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Champlin rose by $55,000 while total sales increased by 47.5%, according to BlockShopper.com.

From July through September of 2021, there were 90 homes sold, with a median sale price of $345,000 - a 19% increase over the $290,000 median sale price for the same period of the previous year. There were 61 homes sold in Champlin in the third quarter of 2020.

The median sales tax in Champlin for the most recent year with available data, 2019, was $3,209, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Champlin to other Hennepin County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Loretto50-$365,000$0-
Hanover12-50%$364,900$380,000-4%
St. Louis Park1511398.6%$353,000$365,000-3.3%
Bloomington22420012%$350,500$323,5008.3%
Hopkins36360%$347,500$327,7506%
Champlin906147.5%$345,000$290,00019%
Minneapolis9811,003-2.2%$330,000$316,0004.4%
Richfield1079216.3%$325,000$297,5009.2%
Brooklyn Park2302138%$320,250$286,50011.8%
New Hope584528.9%$320,000$295,0008.5%
Osseo9650%$310,000$264,08317.4%

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