From January through December of 2021, there were 14 homes sold, with a median sale price of $360,750 - a 30% increase over the $277,450 median sale price for the previous year. There were two homes sold in Loretto in 2020.
The median sales tax in Loretto for the most recent year with available data, 2019, was $3,579, approximately 1% of the median home sale price for 2021.
The following table compares Loretto to other Hennepin County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Anthony | 51 | 44 | 15.9% | $409,888 | $345,000 | 18.8% |
| Hanover | 11 | 8 | 37.5% | $406,585 | $380,000 | 7% |
| Golden Valley | 252 | 215 | 17.2% | $400,000 | $370,000 | 8.1% |
| Maple Grove | 806 | 767 | 5.1% | $379,450 | $347,000 | 9.4% |
| St. Louis Park | 528 | 504 | 4.8% | $363,000 | $342,500 | 6% |
| Loretto | 14 | 2 | 600% | $360,750 | $277,450 | 30% |
| Hopkins | 107 | 110 | -2.7% | $357,500 | $323,000 | 10.7% |
| Mound | 154 | 144 | 6.9% | $350,000 | $292,450 | 19.7% |
| Bloomington | 798 | 625 | 27.7% | $341,000 | $310,000 | 10% |
| Champlin | 269 | 219 | 22.8% | $340,000 | $286,000 | 18.9% |
| Long Lake | 26 | 20 | 30% | $335,000 | $321,950 | 4.1% |
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