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Wednesday, November 6, 2024

What happened to the median home price in Plymouth during January 2022?

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The median sale price of a home sold in January 2022 in Plymouth rose by $11,761 while total sales increased by 53.8%, according to BlockShopper.com.

In January 2022, there were 20 homes sold, with a median sale price of $424,500 - a 2.8% increase over the $412,739 median sale price for the same period of the previous year. There were 13 homes sold in Plymouth in January 2021.

The median sales tax in Plymouth for the most recent year with available data, 2019, was $4,491, approximately 1.1% of the median home sale price for January 2022.

The following table compares Plymouth 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)
Minnetonka13128.3%$495,000$394,95025.3%
Independence12-50%$449,500$1,150,000-60.9%
Corcoran21100%$444,200$3,50012591.4%
Golden Valley990%$430,000$457,000-5.9%
St. Anthony31200%$425,000$334,00027.2%
Plymouth201353.8%$424,500$412,739.462.8%
Maple Grove292045%$368,550$258,50042.6%
Eden Prairie1116-31.3%$367,000$381,200-3.7%
Loretto10-$365,000$0-
Bloomington28267.7%$356,000$278,37527.9%
Richfield191346.2%$348,150$290,00020.1%

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