Minneapolis home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Minneapolis rose by $25,500 while total sales decreased by 62.3%, according to BlockShopper.com.

In October 2020, there were 140 homes sold, with a median sale price of $315,000 - a 8.8% increase over the $289,500 median sale price for the same period of the previous year. There were 371 homes sold in Minneapolis in October 2019.

The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,937, approximately 1.2% of the median home sale price for October 2020.

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

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
St. Anthony13-66.7%$380,000$317,50019.7%
Plymouth1593-83.9%$355,000$382,000-7.1%
St. Louis Park1449-71.4%$344,750$325,0006.1%
Richfield1146-76.1%$320,000$273,62516.9%
Brooklyn Park2274-70.3%$320,000$245,00030.6%
Minneapolis140371-62.3%$315,000$289,5008.8%
New Hope529-82.8%$300,000$272,00010.3%
Bloomington16103-84.5%$299,450$279,9007%
Champlin529-82.8%$286,000$270,0005.9%
Robbinsdale526-80.8%$275,000$222,50023.6%
Crystal1339-66.7%$270,500$239,00013.2%

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