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Minneapolis Review

Monday, December 23, 2024

Hennepin County home valuation prices rose in September 2023 compared to the same period in 2022

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In September 2023, the median sale price of a home in Hennepin County rose by $12,200 from the same period in the previous year, while total sales decreased by 2.4%, according to BlockShopper.com.

Data shows that there were 1,193 homes sold in September 2023, with a median sale price of $385,000 - a 3.3% increase over the $372,800 median sale price for the same period of the previous year. There were 1,222 homes sold in Hennepin County in September 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 September 2023's median home sale price.

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

September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023$372,800$372,800$356,073$356,073$350,000$350,000$335,000$335,000$335,450$335,450$340,000$340,000$360,000$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

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