In January 2019, there were 322 homes sold, with a median sale price of $249,950 - a 8.7% increase over the $229,900 median sale price for the same period of the previous year. There were 317 homes sold in Minneapolis in January 2018.
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 January 2019.
The following table compares Minneapolis to other Hennepin County cities with similar median sales prices in January 2019:
| City | Jan. 2019 Home Sales | Jan. 2018 Home Sales | % change (Total Home Sales) | Jan. 2019 Median Sales Price | Jan. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 42 | 39 | 7.7% | $282,000 | $261,175 | 8% |
| Bloomington | 53 | 63 | -15.9% | $270,000 | $245,000 | 10.2% |
| Maple Grove | 45 | 55 | -18.2% | $268,725 | $313,000 | -14.1% |
| Champlin | 15 | 18 | -16.7% | $264,000 | $253,000 | 4.3% |
| Independence | 5 | 2 | 150% | $252,500 | $448,250 | -43.7% |
| Minneapolis | 322 | 317 | 1.6% | $249,950 | $229,900 | 8.7% |
| New Hope | 15 | 22 | -31.8% | $240,000 | $216,500 | 10.9% |
| Mound | 14 | 8 | 75% | $239,750 | $231,950 | 3.4% |
| Brooklyn Park | 68 | 58 | 17.2% | $231,500 | $224,000 | 3.3% |
| Richfield | 26 | 29 | -10.3% | $226,500 | $232,500 | -2.6% |
| Robbinsdale | 14 | 21 | -33.3% | $202,500 | $207,500 | -2.4% |
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