Quantcast

East Twin Cities

Sunday, November 17, 2024

Washington County home prices remained unchanged in 2023

Realestate2

The median sale price of a home sold in 2023 in Washington County remained unchanged, while total sales decreased by 31.4%, according to BlockShopper.com.

Throughout 2023, 2,121 homes were sold in the county, with a median sale price of $375,000. This median price remained the same as during the same period in 2022, when there were 3,094 homes sold.

Based on the latest available data from 2022, the median sales tax in Washington County was $3,862, which stands at 1% of the median home sale price for 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's 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 Washington County from January 2022 to December 2023.

20222023$375,000$375,000$375,000$375,000

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS