What happened to the median home price in Hopkins during August 2021?

Medium realestate3

The median sale price of a home sold in August 2021 in Hopkins rose by $70,000 while total sales decreased by 53.8%, according to BlockShopper.com.

In August 2021, there were six homes sold, with a median sale price of $385,000 - a 22.2% increase over the $315,000 median sale price for the same period of the previous year. There were 13 homes sold in Hopkins in August 2020.

The median sales tax in Hopkins for the most recent year with available data, 2019, was $4,455, approximately 1.2% of the median home sale price for August 2021.

The following table compares Hopkins 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)
Golden Valley917-47.1%$490,000$409,90019.5%
Plymouth3264-50%$472,500$401,585.5017.7%
Eden Prairie2831-9.7%$450,250$450,0000.1%
Minnetonka2353-56.6%$448,000$426,0005.2%
Orono311-72.7%$438,000$789,000-44.5%
Hopkins613-53.8%$385,000$315,00022.2%
Maple Grove3580-56.3%$372,558$403,600-7.7%
Mound617-64.7%$370,000$320,00015.6%
St. Anthony24-50%$365,000$414,825-12%
Hanover110%$364,900$385,000-5.2%
Bloomington2572-65.3%$360,000$331,0008.8%

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