Minneapolis Review

In May, the median sale price of a home in Hennepin County rose by $13,500 from the same period in the previous year, while total sales increased by 190.2%, according to BlockShopper.com.

Data shows that there were 946 homes sold in May, with a median sale price of $390,000 - a 3.6% increase over the $376,500 median sale price for the same period of the previous year. There were 326 homes sold in Hennepin County in May 2023.

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 May's median home sale price.

The following histogram displays changes in median sales prices in Hennepin County from May 2023 to May 2024.