Empire home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Empire fell by $52,000 while total sales decreased by 18.2%, according to BlockShopper.com.

From April through June of 2020, there were nine homes sold, with a median sale price of $305,000 - a 14.6% decrease over the $357,000 median sale price for the same period of the previous year. There were 11 homes sold in Empire in the second quarter of 2019.

The median sales tax in Empire for the most recent year with available data, 2019, was $3,441, approximately 1.1% of the median home sale price for the second quarter of 2020.

The following table compares Empire to other Dakota County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Northfield141127.3%$369,950$330,00012.1%
Mendota Heights2761-55.7%$330,000$397,500-17%
Eagan179335-46.6%$323,523$297,9008.6%
Rosemount71147-51.7%$320,000$275,00016.4%
Lakeville168280-40%$319,950$310,5003%
Empire911-18.2%$305,000$357,000-14.6%
Farmington96163-41.1%$296,125$260,00013.9%
Burnsville168268-37.3%$294,500$261,50012.6%
Apple Valley200291-31.3%$275,000$266,0003.4%
Hastings90134-32.8%$270,000$245,00010.2%
West St. Paul4198-58.2%$265,000$232,50014%

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