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Thursday, December 26, 2024

Empire median home prices fell by 6.5% in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Empire fell by $19,000 while total sales increased by 8.3%, according to BlockShopper.com.

From April through June of 2021, there were 13 homes sold, with a median sale price of $273,500 - a 6.5% decrease over the $292,500 median sale price for the same period of the previous year. There were 12 homes sold in Empire in the second quarter of 2020.

The median sales tax in Empire for the most recent year with available data, 2020, was $3,559, approximately 1.3% of the median home sale price for the second quarter of 2021.

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

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Inver Grove Heights13210229.4%$293,700$244,95019.9%
Northfield715-53.3%$280,000$369,900-24.3%
Castle Rock220%$275,000$480,000-42.7%
South St. Paul8183-2.4%$275,000$228,90020.1%
Hastings102104-1.9%$275,000$269,2002.2%
Empire13128.3%$273,500$292,500-6.5%
West St. Paul605020%$264,450$265,532.50-0.4%
Lilydale330%$250,000$275,520-9.3%
Waterford12-50%$235,000$347,000-32.3%
Randolph42100%$214,300$255,000-16%
Eureka Center110%$75,000$550,000-86.4%

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