Long Lake home prices rise in the third quarter of 2020

Medium realestate5

The median sale price of a home sold in the third quarter of 2020 in Long Lake rose by $30,650 while total sales decreased by 75%, according to BlockShopper.com.

From July through September of 2020, there were three homes sold, with a median sale price of $314,900 - a 10.8% increase over the $284,250 median sale price for the same period of the previous year. There were 12 homes sold in Long Lake in the third quarter of 2019.

The median sales tax in Long Lake for the most recent year with available data, 2019, was $3,529, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Long Lake to other Hennepin County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Long Lake312-75%$314,900$284,25010.8%
Maple Plain59-44.4%$308,000$270,00014.1%
New Hope3982-52.4%$292,652$262,70011.4%
Brooklyn Park185329-43.8%$285,000$261,0009.2%

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