Mendota Heights home prices fall in January 2017

Mendota Heights home prices fall in January 2017
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The median sale price of a home sold in January 2017 in Mendota Heights fell by $71,000 while total sales increased by 50%, according to BlockShopper.com.

In January 2017, there were six homes sold, with a median sale price of $284,250 – a 20% decrease over the $355,250 median sale price for the same period of the previous year. There were four homes sold in Mendota Heights in January 2016.

The median sales tax in Mendota Heights for the most recent year with available data, 2014, was $3,518, approximately 1.2% of the median home sale price for January 2017.

The following table compares Mendota Heights to other Dakota County cities with similar median sales prices in January 2017:

City Jan. 2017 Home Sales Jan. 2016 Home Sales % change (Total Home Sales) Jan. 2017 Median Sales Price Jan. 2016 Median Sales Price % change (Median Sales Price)
Lilydale 1 0 – $350,000 $0 –
Empire 5 4 25% $317,000 $170,000 86.5%
Randolph 1 1 0% $315,000 $210,000 50%
Northfield 3 2 50% $300,000 $166,055.50 80.7%
Nininger 1 0 – $285,000 $0 –
Mendota Heights 6 4 50% $284,250 $355,250 -20%
Eagan 37 51 -27.5% $243,600 $256,000 -4.8%
Lakeville 50 75 -33.3% $234,506.50 $265,000 -11.5%
Burnsville 36 63 -42.9% $225,550 $168,000 34.3%
Rosemount 14 24 -41.7% $217,950 $223,000 -2.3%
West St. Paul 14 19 -26.3% $196,000 $179,900 8.9%


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