• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Subscribe
Program Guide
Watch Live

CCX Media

Skip NavigationMenu
  • News
    • Close
        • CCX News
          • CCX News Home
          • Daily Newscast
          • News Stories
          • CCX News Special Reports
          • CCX Media Schools
          • Current Weather
          • COVID-19 Impact
          • Local Vote 2020
        • Feature Segments

          • Business Matters
          • School Spotlight
          • Standout Student
          • Weekend Showcase
          • Seasonal Features
        • News Tip

          Send us a story idea or news tip!
          Facebook Twitter
          Watch Live
          CCX1 | CCX2 | CCX3
    • Close
  • Sports
    • Close
        • CCX Sports
          • CCX Sports Home
          • Sports Tips
          • Sports Jam
          • Hall of Fame
          • Upcoming Event Coverage
          • Play of the Week
        • Sports Coverage

          Adapted SportsAdditional SportsBaseballBasketballFootball
          GymnasticsHockeyLacrosseSoccerSoftball
          Swimming & DivingTennisTrack & FieldVolleyballWrestling
        • Social Media

          Facebook Twitter
          Watch Live
          CCX1 | CCX2 | CCX3
          Shop/Order
    • Close
  • Cities
    • Close
        • CCX Cities
          • CCX Cities Home
          • The Connection
          • In The Community
          • Our Town’s Story
          • Community Resources
          • CCX Media Schools
          • City Meetings
          • COVID-19 Impact
          • Local Vote 2020
        • Your City

          Brooklyn Center
          Brooklyn Park
          Crystal
          Golden Valley
          Maple Grove
          New Hope
          Osseo
          Plymouth
          Robbinsdale
        • Social Media

          Facebook Twitter
          Watch Live
          CCX1 | CCX2 | CCX3
    • Close
  • Create
    • Close
        • CCX Create
          • CCX Create Home
          • Channels
          • Resources
          • Meet The Create Team
          • CCX Create Virtual Tour
        • Get Creative

          • Make Your Own Show
          • Free Classes
          • Contact Us
        • RueShare

          • Member Login
          • Member Guide
        • Social Media

          Facebook Twitter Instagram
          Watch Live
          CCX1 | CCX2 | CCX3
    • Close
  • Subscribe
  • Program guide
  • Watch Live
  • COVID Info

Twin Cities Home Sale Prices Reach All-Time High in 2020

4:15 PM | Tuesday, January 26, 2021

New numbers released Tuesday show 2020 was a record-breaking year for home sale prices in the 16-county Twin Cities metro. Limited inventory and high demand spurred by historically low interest rates led to the price spike.

According to the 2020 report released by the Minneapolis Area Realtors and the St. Paul Area Association of Realtors, the median sales price rose 8.9 percent to $305,000, a record high. On average, sellers obtained 99.8 percent of their list price, the highest since at least 2003, the report said.

Brandon Doyle, a realtor with Re/Max Results and the Maple Grove-based Doyle Real Estate Team, says he already anticipates a crazy spring due to the demand for homes.

“We’re still seeing a very high demand for homes, multiple offers, and we continue to have a lack of inventory,” said Doyle. “So this spring, I kind of anticipate that a lot of sellers are going to go ‘oh, wow, my house is worth way more than I thought it was.'”

Doyle says it was an unusual year as showings remained steady through December with only a slight drop during the holidays.

Home sale prices record 2020

Inventory At Less Than One-Month Supply

The report also showed sellers getting sales done in less time. Half the sales involved accepted offers in 18 days or less. Multiple offers also remained commonplace, particularly at lower price points where the inventory shortage is even more pronounced.

“Inventory remained a hurdle, but homeowners have never had so much equity in their homes and buyers haven’t seen rates this low in 50 years, offsetting rising prices,” said Todd Walker, president of Minneapolis Area Realtors.

The months supply of inventory was down 47.1% to 0.9 months. Five to six months of supply is considered a balanced market.

Median Sales Prices in Northwest Suburbs:

  • Plymouth: $392,000 (+3.2% over 2019)
  • Golden Valley: $367,450 (+7.2%)
  • Maple Grove: $335,500 (+6.6%)
  • New Hope: $292,250 (+12.4%)
  • Brooklyn Park: $283,255 (+6.9%)
  • Robbinsdale: $264,000 (+10.0%)
  • Osseo: $257,900 (+3.2%)
  • Crystal: $255,000 (+9.2%)
  • Brooklyn Center: $240,000 (+9.1%)

 

 

Corey Bork, reporting

Brooklyn Center | Brooklyn Park | Champlin | Crystal | Golden Valley | Maple Grove | New Hope | Osseo | Plymouth | Robbinsdale | Rogers | Twin Cities | Wayzata

Related Stories

New Hope Police Department Launches Tip411:  The New Hope Police Department has rolled out a new… Read More
Weekend Showcase: Hennepin History Museum Highlights ‘Local Heroes’:  The Hennepin History… Read More
New Surgery Center to Open in Brooklyn Park in Early 2022:  As health care continues to evolve, one… Read More
A Place for Coffee and Playdates, MiniSota Play Café Opens in Maple Grove:  MiniSota Play Café is… Read More
Brooklyn Park, Brooklyn Center Launch Survey on COVID-19 Vaccine:  Brooklyn Park and Brooklyn Center… Read More
Golden Valley Planning Commission Recommends Allowing Rowhouses:  Could rowhouses be a part of the… Read More

Footer

NAVIGATE

  • CCX Media
  • NEWS
  • SPORTS
  • CITIES
  • CREATE
  • Job Opportunities
  • Meet the CCX Media Team
  • ABOUT CCX MEDIA
  • Annual Programming Reports
  • CABLE COMMISSION

SUBSCRIBE

Get email updates for daily story previews. “Week in Review” video links, and programming previews.

Subscribe Today

CONNECT

HAVE A NEWS TIP? CALL OUR TIPLINE AT:  763-533-1710
Send us story ideas and comments!
Get in touch with us
               
 NEWS   SPORTS
 SHOP/ORDER

LOCATION

CCX Media/NWCT
6900 Winnetka Avenue North
Brooklyn Park, MN 55428

Main Phone:  763-533-8196

CCX Media is a service of Northwest Community Television serving the northwest suburbs of Minneapolis, Minnesota, including Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, Maple Grove, New Hope, Osseo, Plymouth and Robbinsdale.
Copyright © 2021 Northwest Community Television | All Rights Reserved. | Privacy Policy | Accessibility Statement
Web Design and Development by CEL Marketing PR Design and BizzyWeb | Log in