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Minnesota State Wire

Wednesday, November 6, 2024

Hopkins home prices fell in January 2022

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The median sale price of a home sold in January 2022 in Hopkins fell by $110,500 while total sales increased by 50%, according to BlockShopper.com.

In January 2022, there were six homes sold, with a median sale price of $313,000 - a 26.1% decrease over the $423,500 median sale price for the same period of the previous year. There were four homes sold in Hopkins in January 2021.

The median sales tax in Hopkins for the most recent year with available data, 2019, was $4,455, approximately 1.4% of the median home sale price for January 2022.

The following table compares Hopkins to other Hennepin County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Richfield191346.2%$348,150$290,00020.1%
St. Louis Park1623-30.4%$337,500$316,0006.8%
Champlin7475%$335,000$316,2505.9%
Rogers26-66.7%$334,000$396,250-15.7%
Brooklyn Park473056.7%$320,000$267,75019.5%
Hopkins6450%$313,000$423,500-26.1%
Minneapolis18216510.3%$312,500$302,7773.2%
Robbinsdale131030%$300,000$269,50011.3%
Crystal14875%$291,250$241,30020.7%
New Hope12771.4%$288,000$273,5005.3%
Brooklyn Center171330.8%$250,000$260,000-3.8%

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