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Friday, November 15, 2024

Rising home valuation prices in Ramsey County in August 2024 compared to August 2023

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In August, the median sale price of a home in Ramsey County rose by $27,900 from the same period in the previous year, while total sales decreased by 16.7%, according to BlockShopper.com.

Data shows that there were 354 homes sold in August, with a median sale price of $329,900 - a 9.2% increase over the $302,000 median sale price for the same period of the previous year. There were 425 homes sold in Ramsey County in August 2023.

For context, the median sales tax in Ramsey County, based on the latest available data from 2022, was $3,918, which stands at 1.2% of August's median home sale price.

The following histogram displays changes in median sales prices in Ramsey County from August 2023 to August 2024.

August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024$302,000$302,000$305,000$305,000$310,000$310,000$300,000$300,000$281,700$281,700$290,000$290,000$290,000$290,000$278,500$278,500$307,000$307,000$325,000$325,000$336,000$336,000$325,000$325,000$329,900$329,900

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