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Minneapolis Review

Sunday, November 24, 2024

Hennepin County home prices rose in 2022

Realestate5

The median sale price of a home sold in 2022 in Hennepin County rose by $15,000 while total sales increased by 15.7%.

From January through December of 2022, there were 15,617 homes sold, with a median sale price of $370,000 - a 4.2% increase over the $355,000 median sale price for the same period of the previous year. There were 13,499 homes sold in Hennepin County in 2021.

The median sales tax in Hennepin County for the most recent year with available data, 2021, was $4,220 approximately 1.1% of the median home sale price for 2022.

The following histogram displays changes in median sales prices in Hennepin County from January 2021 to December 2022.

20212022$355000$355000$370000$370000

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