August 2021: Excelsior experienced a 50.6% drop in median home prices

Medium realestate3

The median sale price of a home sold in August 2021 in Excelsior fell by $319,750 while total sales remained unchanged with two homes sold, according to

In August 2021, there were two homes sold, with a median sale price of $312,500 - a 50.6% decrease over the $632,250 median sale price for the same period of the previous year. There were two homes sold in Excelsior in August 2020, as well.

The median sales tax in Excelsior for the most recent year with available data, 2019, was $6,838, approximately 2.2% of the median home sale price for August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
St. Louis Park2541-39%$346,000$375,850-7.9%
New Hope812-33.3%$320,000$308,0003.9%
Brooklyn Park3466-48.5%$312,500$284,00010%
Brooklyn Center1328-53.6%$300,000$245,00022.4%

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