May 2021: Hopkins experienced a 34.6% increase in median home prices

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The median sale price of a home sold in May 2021 in Hopkins rose by $112,500 while total sales decreased by 50%, according to

In May 2021, there were four homes sold, with a median sale price of $437,500 - a 34.6% increase over the $325,000 median sale price for the same period of the previous year. There were eight homes sold in Hopkins in May 2020.

The median sales tax in Hopkins for the most recent year with available data, 2019, was $4,455, approximately 1% of the median home sale price for May 2021.

The following table compares Hopkins to other Hennepin County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Eden Prairie2045-55.6%$522,500$381,50037%
St. Louis Park1151-78.4%$435,000$346,00025.7%
Golden Valley919-52.6%$425,000$385,00010.4%

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