From October through December of 2018, there were seven homes sold, with a median sale price of $290,000 - a 0.9% increase over the $287,500 median sale price for the same period of the previous year. There were 16 homes sold in Northfield in the fourth quarter of 2017.
The median sales tax in Northfield for 2018 was $3,646. In 2014, the median sales tax was $2,925. This marks an increase of 24.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Northfield to other Dakota County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Vermillion | 1 | 5 | -80% | $360,000 | $210,000 | 71.4% |
| Mendota Heights | 45 | 48 | -6.3% | $307,000 | $343,750 | -10.7% |
| Castle Rock | 7 | 2 | 250% | $300,000 | $405,000 | -25.9% |
| Waterford | 1 | 0 | - | $299,878 | $0 | - |
| Lakeville | 228 | 222 | 2.7% | $290,375 | $277,300 | 4.7% |
| Northfield | 7 | 16 | -56.3% | $290,000 | $287,500 | 0.9% |
| Rosemount | 94 | 96 | -2.1% | $287,500 | $269,750 | 6.6% |
| Eureka Center | 3 | 1 | 200% | $285,000 | $340,000 | -16.2% |
| Empire | 15 | 7 | 114.3% | $282,000 | $230,000 | 22.6% |
| Eagan | 241 | 208 | 15.9% | $273,000 | $251,500 | 8.5% |
| Burnsville | 231 | 235 | -1.7% | $255,000 | $235,000 | 8.5% |
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