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Friday, November 22, 2024

The first quarter of 2022: Eagan experienced a 10% increase in median home prices

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The median sale price of a home sold in the first quarter of 2022 in Eagan rose by $30,000 while total sales decreased by 6.1%, according to BlockShopper.com.

From January through March of 2022, there were 153 homes sold, with a median sale price of $330,000 - a 10% increase over the $300,000 median sale price for the same period of the previous year. There were 163 homes sold in Eagan in the first quarter of 2021.

The median sales tax in Eagan for the most recent year with available data, 2020, was $3,332, approximately 1% of the median home sale price for the first quarter of 2022.

The following table compares Eagan to other Dakota County cities with similar median sale prices in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median Sales PriceJan. - Mar. 2021 Median Sales Price% change (Median Sales Price)
Lilydale3250%$378,800$331,00014.4%
Rosemount4668-32.4%$377,000$313,50020.3%
Lakeville111162-31.5%$375,000$332,50012.8%
Vermillion10-$341,500$0-
Farmington6272-13.9%$336,000$295,45013.7%
Eagan153163-6.1%$330,000$300,00010%
Burnsville161166-3%$330,000$308,2007.1%
Apple Valley139154-9.7%$328,000$254,00029.1%
Northfield4333.3%$319,450$370,000-13.7%
Empire770%$300,000$415,000-27.7%
West St. Paul4749-4.1%$280,000$232,00020.7%

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