Orono home prices fall in September 2020

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The median sale price of a home sold in September 2020 in Orono fell by $231,500 while total sales decreased by 46.7%, according to BlockShopper.com.

In September 2020, there were eight homes sold, with a median sale price of $660,500 - a 26% decrease over the $892,000 median sale price for the same period of the previous year. There were 15 homes sold in Orono in September 2019.

The median sales tax in Orono for the most recent year with available data, 2019, was $6,598, approximately 1% of the median home sale price for September 2020.

The following table compares Orono to other Hennepin County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Tonka Bay21100%$2,257,000$352,000541.2%
Spring Park36-50%$685,000$646,4506%
Long Lake110%$525,000$192,500172.7%
Eden Prairie2874-62.2%$444,275$378,50017.4%

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