The Edina real estate market remains strong, with luxury neighborhoods such as Country Club, Sunny Slope, and White Oaks commanding higher prices than the citywide average. These historic areas, known for their classic architecture and prime locations, continue to see steady demand and premium property values.

Over the past 12 months, these neighborhoods recorded 24 sales, with a median sales price of $1,433,750. Homes in this area typically have 4 bedrooms and 4 bathrooms and were built around 1936. The average above-ground square footage is 2,738, with a total finished space of 3,682 square feet. The price per square foot is $389, reflecting the higher value of these properties. Homes in these neighborhoods spend an average of 28 days on the market, indicating steady demand for historic properties. Property taxes in this area are significantly higher, averaging $16,148 per year, due to larger lot sizes, premium home values, and desirable locations.

Across all single-family homes in Edina, 446 sales were recorded in the past 12 months, with a median sales price of $820,000. Homes in the broader Edina market typically have 4 bedrooms and 3 bathrooms and were built around 1959. The average above-ground square footage is 2,022, with a total finished space of 2,965 square feet. The price per square foot citywide is $281, which is lower than the $389 per square foot seen in Country Club, Sunny Slope, and White Oaks. Homes in Edina as a whole tend to sell faster, averaging 18 days on the market. The average property tax in Edina is $8,034 per year, reflecting differences in home values and lot sizes. The average foundation size is 1,456 square feet, with an average lot size of 0.28 acres.

The luxury neighborhoods have a median sales price of $1,433,750, compared to $820,000 for Edina as a whole, representing a 75 percent premium. The price per square foot is significantly higher at $389 compared to the citywide average of $281. Homes in the broader Edina market sell 36 percent faster than in the luxury neighborhoods, with an average of 18 days on the market versus 28 days. Property taxes in the high-end neighborhoods are nearly double the citywide average, at $16,148 compared to $8,034 per year.

For buyers, homes in Country Club, Sunny Slope, and White Oaks offer historic charm, larger homes, and prime locations but come at a higher cost with increased property taxes. Buyers looking for more affordability while still benefiting from Edina’s top-rated schools and amenities may find better opportunities in other areas of the city. For sellers, demand remains strong for well-maintained homes in the luxury neighborhoods, though properties take slightly longer to sell due to their higher price points. Citywide, homes in Edina are selling quickly, making this an excellent time to list a property.

If you are considering buying or selling in Edina, reach out for a personalized market analysis and expert guidance.

Arne Johansson – Johansson Realty Inc.
arnejrealestate@gmail.com
612-423-0202