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Dakota Times

Tuesday, November 5, 2024

How did home prices perform in Mendota Heights during the first quarter of 2022?

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The median sale price of a home sold in the first quarter of 2022 in Mendota Heights fell by $87,500 while total sales decreased by 46.9%, according to BlockShopper.com.

From January through March of 2022, there were 17 homes sold, with a median sale price of $405,000 - a 17.8% decrease over the $492,500 median sale price for the same period of the previous year. There were 32 homes sold in Mendota Heights in the first quarter of 2021.

The median sales tax in Mendota Heights for the most recent year with available data, 2020, was $4,364, approximately 1.1% of the median home sale price for the first quarter of 2022.

The following table compares Mendota Heights 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)
Eureka Center220%$548,500$474,45015.6%
Castle Rock3250%$411,000$365,00012.6%
Mendota Heights1732-46.9%$405,000$492,500-17.8%
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%

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