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Dakota Times

Tuesday, September 9, 2025

Dakota County home prices fall in May 2025 compared to May 2024

Webp realestate1

In May, the median sale price of a home in Dakota County fell by $6,000 from the same period in the previous year, while total sales decreased by 5.8%, according to BlockShopper.com.

There were 388 homes sold in May, with a median sale price of $360,500 — a 1.6% decrease from the $366,500 median sale price during the same period of the previous year. In comparison, 412 homes were sold in Dakota County in May 2024.

Based on the latest available data from 2024, the median sales tax in Dakota County was $3,968, which stands at 1.1% of May's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Dakota County from May 2024 to May 2025.

May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025February 2025March 2025April 2025May 2025$366,500$366,500$360,000$360,000$360,000$360,000$364,450$364,450$369,000$369,000$355,000$355,000$360,000$360,000$365,000$365,000$326,050$326,050$364,000$364,000$350,000$350,000$350,000$350,000$360,500$360,500

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