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Dakota Times

Wednesday, November 6, 2024

The first quarter of 2021: Home prices in Mendota Heights increased

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The median sale price of a home sold in the first quarter of 2021 in Mendota Heights rose by $163,000 while total sales increased by 63.2%, according to BlockShopper.com.

From January through March of 2021, there were 31 homes sold, with a median sale price of $485,000 - a 50.6% increase over the $322,000 median sale price for the same period of the previous year. There were 19 homes sold in Mendota Heights in the first quarter of 2020.

The median sales tax in Mendota Heights for the most recent year with available data, 2020, was $4,364, approximately 0.9% of the median home sale price for the first quarter of 2021.

The following table compares Mendota Heights 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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