Hopkins Real Estate Market Report: August 2025
In August 2025, the median sale price in Hopkins was $388,000, down 4.0% from a year earlier.
- Median Sales Price
- $388,000
- -4% vs. August 2024
- Homes for Sale
- 26
- -23.5% vs. August 2024
- Months Supply
- 1.6
- -30.4% vs. August 2024
- Seller's market
- Days on Market
- 24
- -20% vs. August 2024
- Closed Sales
- 20
- -16.7% vs. August 2024
- Percent of Original List Received
- 98.3%
- +1.7 pts vs. August 2024
What this means
The median sale price has decreased by 4% from last year to $388,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 6 days more quickly than last year, averaging 24 days on market, and sellers are receiving 98.3% of their original asking price.
The area is currently a seller's market with 1.6 months of supply. Active inventory is down 24% from last year to 26 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Hopkins market
Is Hopkins a buyer's or seller's market?
Hopkins was a seller's market in August 2025, with 1.6 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 26 homes for sale.
How fast are homes selling in Hopkins?
Homes that sold in August 2025 spent an average of 24 days on market, 6 days faster than a year earlier. Sellers received 98.3% of their original list price on average.
Are home prices going up in Hopkins?
No. The median sale price fell 4.0% year over year to $388,000. Price per square foot moved the other way (from $206 to $229), which suggests the change mostly reflects the mix of homes sold.
Market trends in Hopkins
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $404,250 | 24 | 30 | 2.3 |
| September 2024 | $418,088 | 20 | 39 | 2.8 |
| October 2024 | $402,000 | 19 | 23 | 2.3 |
| November 2024 | $383,500 | 17 | 26 | 2.2 |
| December 2024 | $328,500 | 12 | 58 | 1.5 |
| January 2025 | $354,900 | 11 | 61 | 1.6 |
| February 2025 | $360,000 | 9 | 70 | 1.5 |
| March 2025 | $278,900 | 17 | 49 | 1.5 |
| April 2025 | $395,000 | 14 | 46 | 1.7 |
| May 2025 | $370,000 | 22 | 28 | 1.9 |
| June 2025 | $394,125 | 15 | 43 | 2.2 |
| July 2025 | $385,000 | 21 | 27 | 1.6 |
| August 2025 | $388,000 | 20 | 24 | 1.6 |
How Hopkins compares with the Twin Cities region
In August 2025, the median sale price in Twin Cities (16-County Region) was $400,000, up 2.8% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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