Where home prices in the Twin Cities are rising most, falling fastest

Median sales prices for homes in the Twin Cities were up 6.7% in 2022. But some cities saw bigger increases than others.

Driving the news: The Minneapolis Area Association of Realtors published its annual report in January, which provides a look at what happened in the housing market in 2022.

The big picture: Home prices rose in the metro, but not as fast as they did in 2020 and 2021.

By the numbers: We crunched the data to see which suburbs had the fastest growing sales prices and which saw declines.

• Of note: We removed cities with less than 100 home sales in 2022.

Where median sales prices rose fastest

• Jordan: 26.7%, from $367,100 to $465,000
• Somerset, Wis.: 23.3%, from $300,000 to $370,000
• Vadnais Heights: 20%, from $300,000 to $360,000
• Delano: 18.6%, from $375,000 to $444,825
• Victoria: 17.8%, from $526,250 to $619,950

Where median sales declined most

• Little Canada: -11% from $326,000 to $290,000
• Mahtomedi: -3.8% from $427,250 to $411,000
• Shorewood: -2.5% from $779,250 to $760,000
• Mendota Heights: -0.8% from $499,000 to $494,900
• Roseville: -0.7% from $332,250 to $330,00

Between the lines: Minneapolis home prices were up 1.6% and St. Paul's were up 4.2%. We wrote about some of the reasons urban home prices trailed the rest of the metro last week.