In October 2021, there were seven homes sold, with a median sale price of $1,030,000 - a 24.8% increase over the $825,000 median sale price for the same period of the previous year. There were six homes sold in Medina in October 2020.
The median sales tax in Medina for the most recent year with available data, 2019, was $6,289, approximately 0.6% of the median home sale price for October 2021.
The following table compares Medina to other Hennepin County cities with similar median sale prices in October 2021:
| City | Oct. 2021 Home Sales | Oct. 2020 Home Sales | % change (Total Home Sales) | Oct. 2021 Median Sales Price | Oct. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetonka Beach | 1 | 0 | - | $1,961,085 | $0 | - |
| Orono | 8 | 11 | -27.3% | $1,111,250 | $540,000 | 105.8% |
| Medina | 7 | 6 | 16.7% | $1,030,000 | $825,000 | 24.8% |
| Deephaven | 3 | 3 | 0% | $695,000 | $1,455,000 | -52.2% |
| Tonka Bay | 3 | 1 | 200% | $685,500 | $575,000 | 19.2% |
| Shorewood | 8 | 6 | 33.3% | $656,200 | $703,500 | -6.7% |
| Edina | 27 | 31 | -12.9% | $590,000 | $600,000 | -1.7% |
| Minnetrista | 3 | 10 | -70% | $570,000 | $377,000 | 51.2% |
| Excelsior | 1 | 1 | 0% | $565,000 | $725,000 | -22.1% |
| Corcoran | 4 | 3 | 33.3% | $555,500 | $475,000 | 16.9% |
| Minnetonka | 23 | 30 | -23.3% | $539,900 | $540,500 | -0.1% |
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