Medina home prices rise in October 2020

Medium realestate1

The median sale price of a home sold in October 2020 in Medina rose by $582,250 while total sales decreased by 77.8%, according to BlockShopper.com.

In October 2020, there were two homes sold, with a median sale price of $1,218,750 - a 91.5% increase over the $636,500 median sale price for the same period of the previous year. There were nine homes sold in Medina in October 2019.

The median sales tax in Medina for the most recent year with available data, 2019, was $6,289, approximately 0.5% of the median home sale price for October 2020.

The following table compares Medina 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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