How did home prices perform in New Hope during Q2?

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The median sale price of a home sold in the second quarter of 2022 in New Hope rose by $2,000 while total sales increased by 49.1 percent, according to

From April through June, there were 79 homes sold, with a median sale price of $342,000 - a 0.6 percent increase over the $340,000 median sale price for the same period of the previous year. There were 53 homes sold in New Hope in the second quarter of 2021.

The median sales tax in New Hope for the most recent year with available data, 2019, was $3,840, approximately 1.1 percent of the median home sale price for the second quarter of 2022.

The following table compares New Hope 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)
New Hope795349.1$342,000$340,0000.6
Brooklyn Park29822631.9$340,000$325,5744.4
Maple Plain37-57.1$327,072$352,000-7.1

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