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Minneapolis Review

Tuesday, November 5, 2024

How did home valuation prices perform in Hennepin County in March 2023, compared to March 2022?

Realestate2

In March 2023, the median sale price of a home in Hennepin County rose by $300 from the same period in the previous year, while total sales decreased by 32.2%, according to BlockShopper.com.

Data shows that there were 878 homes sold in March 2023, with a median sale price of $360,300 - a 0.1% increase over the $360,000 median sale price for the same period of the previous year. There were 1,295 homes sold in Hennepin County in March 2022.

For context, the median sales tax in Hennepin County, based on the latest available data from 2021, was $4,220, which stands at 1.2% of March 2023's median home sale price.

The following histogram displays changes in median sales prices in Hennepin County from March 2022 to March 2023.

March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023$360,000$360,000$385,000$385,000$390,000$390,000$399,900$399,900$375,000$375,000$377,150$377,150$372,800$372,800$356,073$356,073$350,000$350,000$335,000$335,000$335,450$335,450$340,000$340,000$360,300$360,300

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