Empire home prices rise in April 2017

Empire home prices rise in April 2017
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The median sale price of a home sold in April 2017 in Empire rose by $90,800 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In April 2017, there were two homes sold, with a median sale price of $302,500 – a 42.9% increase over the $211,700 median sale price for the same period of the previous year. There were two homes sold in Empire in April 2016, as well.

The median sales tax in Empire for the most recent year with available data, 2014, was $2,424, approximately 0.8% of the median home sale price for April 2017.

The following table compares Empire to other Dakota County cities with similar median sales prices in April 2017:

City Apr. 2017 Home Sales Apr. 2016 Home Sales % change (Total Home Sales) Apr. 2017 Median Sales Price Apr. 2016 Median Sales Price % change (Median Sales Price)
Castle Rock 1 2 -50% $519,900 $211,500 145.8%
Randolph 1 2 -50% $370,000 $164,950 124.3%
Lilydale 1 1 0% $339,000 $135,000 151.1%
Mendota Heights 9 19 -52.6% $337,000 $339,000 -0.6%
Nininger 4 0 – $325,000 $0 –
Empire 2 2 0% $302,500 $211,700 42.9%
Vermillion 1 0 – $278,000 $0 –
Eagan 73 83 -12% $275,000 $212,510 29.4%
Lakeville 84 82 2.4% $274,011 $264,950 3.4%
Hampton 2 3 -33.3% $252,500 $131,000 92.7%
Farmington 51 48 6.3% $247,000 $198,750 24.3%


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