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Adobe Stock
From July through September of 2019, there were seven homes sold, with a median sale price of $237,000 - a 18.1% decrease over the $289,500 median sale price for the same period of the previous year. There were six homes sold in Martin Lake in the third quarter of 2018.
The median sales tax in Martin Lake for 2019 was $2,187. In 2018, the median sales tax was $1,912. This marks an increase of 14.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Martin Lake to other Anoka County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| East Bethel | 48 | 58 | -17.2% | $264,800 | $265,000 | -0.1% |
| Lexington | 6 | 9 | -33.3% | $247,450 | $180,000 | 37.5% |
| Fridley | 99 | 136 | -27.2% | $245,000 | $212,250 | 15.4% |
| Coon Rapids | 293 | 363 | -19.3% | $240,000 | $226,500 | 6% |
| St. Francis | 30 | 45 | -33.3% | $239,200 | $224,000 | 6.8% |
| Martin Lake | 7 | 6 | 16.7% | $237,000 | $289,500 | -18.1% |
| Bethel | 2 | 3 | -33.3% | $233,950 | $150,000 | 56% |
| Anoka | 59 | 60 | -1.7% | $226,500 | $221,850 | 2.1% |
| Columbia Heights | 87 | 103 | -15.5% | $225,000 | $205,000 | 9.8% |
| Spring Lake Park | 27 | 33 | -18.2% | $223,500 | $230,000 | -2.8% |
| Circle Pines | 34 | 30 | 13.3% | $210,000 | $208,750 | 0.6% |
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