The median sale price of a home sold in March 2022 in Inver Grove Heights rose by $45,750 while total sales increased by 25%, according to BlockShopper.com.
In March 2022, there were 30 homes sold, with a median sale price of $316,750 – a 16.9% increase over the $271,000 median sale price for the same period of the previous year. There were 24 homes sold in Inver Grove Heights in March 2021.
The median sales tax in Inver Grove Heights for the most recent year with available data, 2020, was $2,842, approximately 0.9% of the median home sale price for March 2022.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sale prices in March 2022:
| City | Mar. 2022 Home Sales | Mar. 2021 Home Sales | % change (Total Home Sales) | Mar. 2022 Median Sales Price | Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eagan | 57 | 68 | -16.2% | $345,000 | $318,000 | 8.5% |
| Vermillion | 1 | 0 | – | $341,500 | $0 | – |
| Burnsville | 66 | 79 | -16.5% | $329,800 | $306,500 | 7.6% |
| Farmington | 25 | 26 | -3.8% | $327,900 | $282,250 | 16.2% |
| Apple Valley | 62 | 74 | -16.2% | $327,750 | $260,000 | 26.1% |
| Inver Grove Heights | 30 | 24 | 25% | $316,750 | $271,000 | 16.9% |
| West St. Paul | 12 | 19 | -36.8% | $315,000 | $215,000 | 46.5% |
| Hastings | 32 | 36 | -11.1% | $285,000 | $254,000 | 12.2% |
| Hampton | 1 | 2 | -50% | $276,500 | $317,500 | -12.9% |
| Empire | 1 | 4 | -75% | $260,000 | $422,500 | -38.5% |
| South St. Paul | 17 | 25 | -32% | $249,500 | $229,900 | 8.5% |
