Inver Grove Heights home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Inver Grove Heights rose by $2,250 while total sales decreased by 38.2%, according to

From July through September of 2020, there were 89 homes sold, with a median sale price of $265,000 - a 0.9% increase over the $262,750 median sale price for the same period of the previous year. There were 144 homes sold in Inver Grove Heights in the third quarter of 2019.

The median sales tax in Inver Grove Heights for the most recent year with available data, 2019, was $2,852, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Inver Grove Heights to other Dakota 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)
Inver Grove Heights89144-38.2%$265,000$262,7500.9%
Apple Valley166320-48.1%$259,000$280,000-7.5%
West St. Paul4583-45.8%$250,000$239,6504.3%
Castle Rock4333.3%$244,000$310,000-21.3%

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