The median sale price of a home sold in the fourth quarter of 2018 in Minneapolis rose by $23,925 while total sales increased by 24.4%, according to BlockShopper.com.
From October through December of 2018, there were 1,418 homes sold, with a median sale price of $250,000 – a 10.6% increase over the $226,075 median sale price for the same period of the previous year. There were 1,140 homes sold in Minneapolis in the fourth quarter of 2017.
The median sales tax in Minneapolis for the most recent year with available data, 2015, was $2,968, approximately 1.2% of the median home sale price for the fourth quarter of 2018.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. – Dec. 2018 Home Sales | Oct. – Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2018 Median Sales Price | Oct. – Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Anthony | 18 | 18 | 0% | $274,250 | $285,250 | -3.9% |
| Loretto | 2 | 2 | 0% | $263,800 | $156,950 | 68.1% |
| Hopkins | 68 | 51 | 33.3% | $259,950 | $240,000 | 8.3% |
| Bloomington | 288 | 220 | 30.9% | $259,950 | $259,950 | 0% |
| Champlin | 88 | 66 | 33.3% | $251,250 | $251,800 | -0.2% |
| Minneapolis | 1,418 | 1,140 | 24.4% | $250,000 | $226,075 | 10.6% |
| Richfield | 165 | 135 | 22.2% | $249,900 | $235,000 | 6.3% |
| New Hope | 87 | 65 | 33.8% | $245,000 | $221,000 | 10.9% |
| Brooklyn Park | 298 | 286 | 4.2% | $244,250 | $227,450 | 7.4% |
| Dayton | 13 | 14 | -7.1% | $243,000 | $385,279.50 | -36.9% |
| Robbinsdale | 80 | 72 | 11.1% | $228,450 | $208,500 | 9.6% |
