St. Louis Park 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 St. Louis Park rose by $50,500 while total sales decreased by 37.5%, according to

From July through September of 2020, there were 130 homes sold, with a median sale price of $365,000 - a 16.1% increase over the $314,500 median sale price for the same period of the previous year. There were 208 homes sold in St. Louis Park in the third quarter of 2019.

The median sales tax in St. Louis Park for the most recent year with available data, 2019, was $3,996, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares St. Louis Park 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)
Spring Park67-14.3%$377,500$668,000-43.5%
Maple Grove201366-45.1%$370,000$341,7508.3%
St. Louis Park130208-37.5%$365,000$314,50016.1%
St. Anthony1521-28.6%$330,000$380,000-13.2%

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