In December 2018, there were 37 homes sold, with a median sale price of $218,500 - a 9.3% decrease over the $241,000 median sale price for the same period of the previous year. There were 38 homes sold in Inver Grove Heights in December 2017.
The median sales tax in Inver Grove Heights for 2018 was $2,697. In 2014, the median sales tax was $2,222. This marks an increase of 21.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sales prices in December 2018:
| City | Dec. 2018 Home Sales | Dec. 2017 Home Sales | % change (Total Home Sales) | Dec. 2018 Median Sales Price | Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eagan | 70 | 50 | 40% | $266,950 | $254,000 | 5.1% |
| Apple Valley | 55 | 74 | -25.7% | $249,900 | $236,000 | 5.9% |
| Empire | 4 | 3 | 33.3% | $241,500 | $340,000 | -29% |
| Farmington | 32 | 25 | 28% | $240,750 | $225,000 | 7% |
| Burnsville | 75 | 77 | -2.6% | $236,500 | $242,500 | -2.5% |
| Inver Grove Heights | 37 | 38 | -2.6% | $218,500 | $241,000 | -9.3% |
| Randolph | 3 | 0 | - | $215,000 | $0 | - |
| West St. Paul | 29 | 22 | 31.8% | $211,000 | $206,000 | 2.4% |
| South St. Paul | 30 | 15 | 100% | $203,200 | $183,000 | 11% |
| Eureka Center | 1 | 0 | - | $197,000 | $0 | - |
| Hastings | 24 | 32 | -25% | $184,950 | $223,250 | -17.2% |
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