The median sale price of a home sold in February 2022 in Minneapolis rose by $11,000 while total sales increased by 24.2%, according to BlockShopper.com.
In February 2022, there were 241 homes sold, with a median sale price of $305,000 – a 3.7% increase over the $294,000 median sale price for the same period of the previous year. There were 194 homes sold in Minneapolis in February 2021.
The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,937, approximately 1.3% of the median home sale price for February 2022.
The following table compares Minneapolis to other Hennepin County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mound | 4 | 3 | 33.3% | $336,000 | $260,900 | 28.8% |
| New Hope | 15 | 9 | 66.7% | $335,000 | $295,000 | 13.6% |
| Hopkins | 6 | 6 | 0% | $322,500 | $264,250 | 22% |
| Bloomington | 41 | 33 | 24.2% | $320,000 | $320,000 | 0% |
| Richfield | 18 | 16 | 12.5% | $313,050 | $293,600 | 6.6% |
| Minneapolis | 241 | 194 | 24.2% | $305,000 | $294,000 | 3.7% |
| Brooklyn Park | 51 | 38 | 34.2% | $300,000 | $282,450 | 6.2% |
| Osseo | 1 | 1 | 0% | $295,000 | $245,000 | 20.4% |
| Robbinsdale | 11 | 14 | -21.4% | $290,000 | $249,950 | 16% |
| Brooklyn Center | 25 | 24 | 4.2% | $285,000 | $259,550 | 9.8% |
| Crystal | 23 | 11 | 109.1% | $260,000 | $259,000 | 0.4% |
