The median sale price of a home sold in the first quarter of 2017 in Forest Lake rose by $69,000 while total sales decreased by 28.4%, according to BlockShopper.com.
From January through March of 2017, there were 48 homes sold, with a median sale price of $248,000 – a 38.5% increase over the $179,000 median sale price for the same period of the previous year. There were 67 homes sold in Forest Lake in the first quarter of 2016.
The median sales tax in Forest Lake for the most recent year with available data, 2015, was $2,288, approximately 0.9% of the median home sale price for the first quarter of 2017.
The following table compares Forest Lake to other Washington County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. – Mar. 2017 Home Sales | Jan. – Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2017 Median Sales Price | Jan. – Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Scandia | 7 | 9 | -22.2% | $287,900 | $370,000 | -22.2% |
| Mahtomedi | 27 | 11 | 145.5% | $284,000 | $210,000 | 35.2% |
| Stillwater | 73 | 81 | -9.9% | $280,000 | $288,000 | -2.8% |
| Woodbury | 188 | 233 | -19.3% | $251,497.50 | $240,000 | 4.8% |
| Lake St. Croix Beach | 3 | 1 | 200% | $250,000 | $255,000 | -2% |
| Forest Lake | 48 | 67 | -28.4% | $248,000 | $179,000 | 38.5% |
| Bayport | 9 | 3 | 200% | $239,900 | $187,000 | 28.3% |
| Oak Park Heights | 19 | 15 | 26.7% | $238,500 | $160,000 | 49.1% |
| Lakeland | 3 | 5 | -40% | $235,000 | $272,400 | -13.7% |
| Willernie | 1 | 3 | -66.7% | $235,000 | $220,000 | 6.8% |
| Cottage Grove | 109 | 104 | 4.8% | $226,000 | $216,000 | 4.6% |
