The median sale price of a home sold in January 2021 in Minneapolis rose by $25,689 while total sales decreased by 51.6%, according to BlockShopper.com.
In January 2021, there were 118 homes sold, with a median sale price of $304,389 - a 9.2% increase over the $278,700 median sale price for the same period of the previous year. There were 244 homes sold in Minneapolis in January 2020.
The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,937, approximately 1.3% of the median home sale price for January 2021.
The following table compares Minneapolis to other Hennepin County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Anthony | 1 | 2 | -50% | $334,000 | $194,707.50 | 71.5% |
| Mound | 2 | 10 | -80% | $314,950 | $275,000 | 14.5% |
| St. Louis Park | 16 | 44 | -63.6% | $311,725 | $302,250 | 3.1% |
| Champlin | 3 | 21 | -85.7% | $310,500 | $262,000 | 18.5% |
| Richfield | 7 | 21 | -66.7% | $308,000 | $274,000 | 12.4% |
| Minneapolis | 118 | 244 | -51.6% | $304,388.50 | $278,700 | 9.2% |
| Hopkins | 3 | 14 | -78.6% | $297,000 | $212,500 | 39.8% |
| Bloomington | 21 | 46 | -54.3% | $283,750 | $299,900 | -5.4% |
| Brooklyn Park | 20 | 62 | -67.7% | $278,999.50 | $245,000 | 13.9% |
| Brooklyn Center | 11 | 17 | -35.3% | $275,000 | $195,000 | 41% |
| New Hope | 7 | 9 | -22.2% | $273,500 | $249,900 | 9.4% |
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