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Minneapolis Review

Monday, November 4, 2024

Home prices in Hennepin County during October 2023 increased compared to the same period in 2022

Re 9

In October 2023, the median sale price of a home in Hennepin County rose by $19,177 from the same period in the previous year, while total sales decreased by 30.2%, according to BlockShopper.com.

Data shows that there were 808 homes sold in October 2023, with a median sale price of $375,250 - a 5.4% increase over the $356,073 median sale price for the same period of the previous year. There were 1,158 homes sold in Hennepin County in October 2022.

For context, the median sales tax in Hennepin County, based on the latest available data from 2021, was $4,220, which stands at 1.1% of October 2023's median home sale price.

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

October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023$356,073$356,073$350,000$350,000$335,000$335,000$335,450$335,450$340,000$340,000$360,000$360,000$382,000$382,000$376,500$376,500$400,000$400,000$390,000$390,000$402,000$402,000$385,000$385,000$375,250$375,250

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