New Hope home prices rise in January 2020

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The median sale price of a home sold in January 2020 in New Hope rose by $12,450 while total sales decreased by 60%, according to BlockShopper.com.

In January 2020, there were six homes sold, with a median sale price of $252,450 - a 5.2% increase over the $240,000 median sale price for the same period of the previous year. There were 15 homes sold in New Hope in January 2019.

The median sales tax in New Hope for the most recent year with available data, 2015, was $2,986, approximately 1.2% of the median home sale price for January 2020.

The following table compares New Hope to other Hennepin County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Mound
9
14
-35.7%
$300,000
$239,750
25.1%
Minneapolis
188
322
-41.6%
$286,500
$249,950
14.6%
Long Lake
1
2
-50%
$285,000
$520,000
-45.2%
Richfield
21
26
-19.2%
$274,000
$226,500
21%
Champlin
18
15
20%
$264,950
$264,000
0.4%
New Hope
6
15
-60%
$252,450
$240,000
5.2%
Hopkins
10
8
25%
$245,625
$314,500
-21.9%
Brooklyn Park
45
68
-33.8%
$245,000
$231,500
5.8%
Rogers
5
9
-44.4%
$233,750
$361,000
-35.2%
Orono
3
8
-62.5%
$233,500
$488,000
-52.2%
Crystal
13
21
-38.1%
$220,450
$200,000
10.2%

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