In May 2017, there were 42 homes sold, with a median sale price of $207,000 - a 5.9% increase over the $195,500 median sale price for the same period of the previous year. There were 58 homes sold in Inver Grove Heights in May 2016.
The median sales tax in Inver Grove Heights for the most recent year with available data, 2014, was $2,222, approximately 1.1% of the median home sale price for May 2017.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Farmington | 72 | 58 | 24.1% | $243,000 | $229,950 | 5.7% |
| Waterford | 1 | 1 | 0% | $240,000 | $435,000 | -44.8% |
| Apple Valley | 113 | 127 | -11% | $235,000 | $230,000 | 2.2% |
| Eagan | 90 | 110 | -18.2% | $223,250 | $256,500 | -13% |
| Northfield | 6 | 1 | 500% | $213,000 | $164,900 | 29.2% |
| Vermillion | 4 | 1 | 300% | $207,500 | $760,000 | -72.7% |
| Inver Grove Heights | 42 | 58 | -27.6% | $207,000 | $195,500 | 5.9% |
| Hastings | 59 | 32 | 84.4% | $205,000 | $212,450 | -3.5% |
| West St. Paul | 34 | 59 | -42.4% | $182,500 | $57,850 | 215.5% |
| South St. Paul | 41 | 32 | 28.1% | $180,000 | $180,000 | 0% |
| Lilydale | 1 | 1 | 0% | $179,000 | $495,000 | -63.8% |
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