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Dakota Times

Wednesday, November 6, 2024

Northfield median home prices fell by 10.3% in the first quarter of 2021

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The median sale price of a home sold in the first quarter of 2021 in Northfield fell by $42,500 while total sales decreased by 25%, according to BlockShopper.com.

From January through March of 2021, there were three homes sold, with a median sale price of $370,000 - a 10.3% decrease over the $412,500 median sale price for the same period of the previous year. There were four homes sold in Northfield in the first quarter of 2020.

The median sales tax in Northfield for the most recent year with available data, 2020, was $4,136, approximately 1.1% of the median home sale price for the first quarter of 2021.

The following table compares Northfield to other Dakota County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Sunfish Lake10-$860,000$0-
Mendota Heights311963.2%$485,000$322,00050.6%
Eureka Center220%$474,450$377,50025.7%
Empire79-22.2%$415,000$191,000117.3%
Nininger12-50%$400,000$422,500-5.3%
Northfield34-25%$370,000$412,500-10.3%
Castle Rock21100%$365,000$487,000-25.1%
Lakeville15814211.3%$334,500$330,7501.1%
Lilydale26-66.7%$331,000$304,5008.7%
Randolph550%$325,000$384,000-15.4%
Rosemount685915.3%$313,500$297,0005.6%

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