What happened to the median home price in Hopkins during Q2?

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The median sale price of a home sold in the second quarter of 2022 in Hopkins rose by $10,000 while total sales increased by 96.3 percent, according to BlockShopper.com.

From April through June, there were 53 homes sold, with a median sale price of $385,000 - a 2.7 percent increase over the $375,000 median sale price for the same period of the previous year. There were 27 homes sold in Hopkins in the second quarter of 2021.

The median sales tax in Hopkins for the most recent year with available data, 2019, was $4,455, approximately 1.2 percent of the median home sale price for the second quarter of 2022.

The following table compares Hopkins to other Hennepin County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Rogers734369.8$450,000$410,0009.8
St. Anthony2713107.7$415,000$415,0000
Mound524418.2$411,000$345,70018.9
Maple Grove28623919.7$409,500$396,0003.4
St. Louis Park20114043.6$400,000$392,8001.8
Hopkins532796.3$385,000$375,0002.7
Champlin1066368.3$382,500$335,00014.2
Bloomington27522323.3$370,000$350,0005.7
Richfield120127-5.5$365,750$330,00010.8
Minneapolis1,5761,21529.7$350,000$345,0001.4
New Hope795349.1$342,000$340,0000.6

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