The median sale price of a home sold in January 2022 in Minneapolis rose by $9,723 while total sales increased by 10.3%, according to BlockShopper.com.
In January 2022, there were 182 homes sold, with a median sale price of $312,500 – a 3.2% increase over the $302,777 median sale price for the same period of the previous year. There were 165 homes sold in Minneapolis in January 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 January 2022.
The following table compares Minneapolis to other Hennepin County cities with similar median sale prices in January 2022:
| City | Jan. 2022 Home Sales | Jan. 2021 Home Sales | % change (Total Home Sales) | Jan. 2022 Median Sales Price | Jan. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 16 | 23 | -30.4% | $337,500 | $316,000 | 6.8% |
| Champlin | 7 | 4 | 75% | $335,000 | $316,250 | 5.9% |
| Rogers | 2 | 6 | -66.7% | $334,000 | $396,250 | -15.7% |
| Brooklyn Park | 47 | 30 | 56.7% | $320,000 | $267,750 | 19.5% |
| Hopkins | 6 | 4 | 50% | $313,000 | $423,500 | -26.1% |
| Minneapolis | 182 | 165 | 10.3% | $312,500 | $302,777 | 3.2% |
| Robbinsdale | 13 | 10 | 30% | $300,000 | $269,500 | 11.3% |
| Crystal | 14 | 8 | 75% | $291,250 | $241,300 | 20.7% |
| New Hope | 12 | 7 | 71.4% | $288,000 | $273,500 | 5.3% |
| Brooklyn Center | 17 | 13 | 30.8% | $250,000 | $260,000 | -3.8% |
| Maple Plain | 2 | 0 | – | $190,000 | $0 | – |
