Orono home prices fall in October 2020

Medium realestate5

The median sale price of a home sold in October 2020 in Orono fell by $13,375 while total sales decreased by 71.4%, according to BlockShopper.com.

In October 2020, there were four homes sold, with a median sale price of $737,875 - a 1.8% decrease over the $751,250 median sale price for the same period of the previous year. There were 14 homes sold in Orono in October 2019.

The median sales tax in Orono for the most recent year with available data, 2019, was $6,598, approximately 0.9% of the median home sale price for October 2020.

The following table compares Orono 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)
Dayton29-77.8%$2,518,300$275,000815.7%
Greenwood10-$2,093,800$0-
Medina29-77.8%$1,218,750$636,50091.5%
Deephaven27-71.4%$827,500$2,200,000-62.4%
Independence25-60%$822,500$500,00064.5%
Orono414-71.4%$737,875$751,250-1.8%
Rogers111-90.9%$660,000$199,900230.2%
Shorewood19-88.9%$602,000$463,00030%
Edina1752-67.3%$590,000$535,00010.3%
Minnetonka1473-80.8%$541,750$399,90035.5%
Wayzata56-16.7%$497,000$783,000-36.5%

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