Minneapolis Review

In April, the median sale price of a home in Hennepin County rose by $23,750 from the same period in the previous year, while total sales decreased by 16.4%, according to BlockShopper.com.

There were 972 homes sold in April, with a median sale price of $415,000 — a 6.1% increase over the $391,250 median sale price during the same period of the previous year. In comparison, 1,162 homes were sold in Hennepin County in April 2024.

Based on the latest available data from 2024, the median sales tax in Hennepin County was $4,795, which stands at 1.2% of April's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Hennepin County from April 2024 to April 2025.