In December 2021, there were seven homes sold, with a median sale price of $690,000 - a 1.4% decrease over the $699,500 median sale price for the same period of the previous year. There were three homes sold in Medina in December 2020.
The median sales tax in Medina for the most recent year with available data, 2019, was $6,289, approximately 0.9% of the median home sale price for December 2021.
The following table compares Medina to other Hennepin County cities with similar median sale prices in December 2021:
| City | Dec. 2021 Home Sales | Dec. 2020 Home Sales | % change (Total Home Sales) | Dec. 2021 Median Sales Price | Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 4 | 0 | - | $983,500 | $0 | - |
| Maple Plain | 1 | 2 | -50% | $900,000 | $365,000 | 146.6% |
| Orono | 6 | 4 | 50% | $832,500 | $420,000 | 98.2% |
| Independence | 2 | 0 | - | $719,500.50 | $0 | - |
| Minnetrista | 15 | 4 | 275% | $700,000 | $518,920 | 34.9% |
| Medina | 7 | 3 | 133.3% | $690,000 | $699,500 | -1.4% |
| Spring Park | 2 | 1 | 100% | $654,500 | $1,000,000 | -34.6% |
| Edina | 28 | 11 | 154.5% | $644,675.50 | $792,600 | -18.7% |
| Greenwood | 1 | 0 | - | $570,000 | $0 | - |
| Shorewood | 2 | 2 | 0% | $510,000 | $456,000 | 11.8% |
| Minnetonka | 18 | 10 | 80% | $500,000 | $485,000 | 3.1% |
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