From July through September of 2021, there were 159 homes sold, with a median sale price of $299,900 - a 19.5% increase over the $251,000 median sale price for the same period of the previous year. There were 97 homes sold in Inver Grove Heights in the third quarter of 2020.
The median sales tax in Inver Grove Heights for the most recent year with available data, 2020, was $2,842, approximately 0.9% of the median home sale price for the third quarter of 2021.
The following table compares Inver Grove Heights to other Dakota County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Apple Valley | 285 | 178 | 60.1% | $340,000 | $260,000 | 30.8% |
| Burnsville | 307 | 224 | 37.1% | $340,000 | $304,000 | 11.8% |
| Empire | 11 | 14 | -21.4% | $330,000 | $262,000 | 26% |
| Waterford | 3 | 0 | - | $328,000 | $0 | - |
| Farmington | 161 | 107 | 50.5% | $326,000 | $303,000 | 7.6% |
| Hampton | 7 | 12 | -41.7% | $325,000 | $255,250 | 27.3% |
| Inver Grove Heights | 159 | 97 | 63.9% | $299,900 | $251,000 | 19.5% |
| Hastings | 128 | 103 | 24.3% | $280,000 | $255,000 | 9.8% |
| West St. Paul | 82 | 53 | 54.7% | $272,500 | $255,000 | 6.9% |
| South St. Paul | 107 | 76 | 40.8% | $270,000 | $240,000 | 12.5% |
| Vermillion | 1 | 5 | -80% | $180,000 | $272,000 | -33.8% |
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