From January through June of 2019, there were 451 homes sold, with a median sale price of $305,000 - a 1.7% increase over the $299,950 median sale price for the same period of the previous year. There were 486 homes sold in Lakeville in the first half of 2018.
The median sales tax in Lakeville for 2019 was $3,651. In 2018, the median sales tax was $3,435. This marks an increase of 6.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Lakeville to other Dakota County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mendota Heights | 83 | 93 | -10.8% | $400,000 | $385,000 | 3.9% |
| Eureka Center | 9 | 4 | 125% | $350,000 | $325,000 | 7.7% |
| Lilydale | 7 | 8 | -12.5% | $350,000 | $300,000 | 16.7% |
| Castle Rock | 4 | 7 | -42.9% | $312,200 | $337,000 | -7.4% |
| Empire | 17 | 16 | 6.3% | $310,000 | $278,250 | 11.4% |
| Lakeville | 451 | 486 | -7.2% | $305,000 | $299,950 | 1.7% |
| Waterford | 2 | 1 | 100% | $302,624 | $11,000 | 2651.1% |
| Eagan | 491 | 516 | -4.8% | $290,000 | $250,500 | 15.8% |
| Randolph | 10 | 8 | 25% | $288,500 | $268,750 | 7.3% |
| Rosemount | 222 | 174 | 27.6% | $275,000 | $259,950 | 5.8% |
| Apple Valley | 437 | 428 | 2.1% | $263,900 | $255,500 | 3.3% |
Alerts Sign-up