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Minnesota State Wire

Wednesday, November 6, 2024

Lakeland home prices fall in November 2019

Re 6

The median sale price of a home sold in November 2019 in Lakeland fell by $73,000 while total sales increased by 100%, according to BlockShopper.com.

In November 2019, there were four homes sold, with a median sale price of $197,000 - a 27% decrease over the $270,000 median sale price for the same period of the previous year. There were two homes sold in Lakeland in November 2018.

The median sales tax in Lakeland for the most recent year with available data, 2015, was $2,334, approximately 1.2% of the median home sale price for November 2019.

The following table compares Lakeland to other Washington County cities with similar median sales prices in November 2019:

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Lake St. Croix Beach12-50%$325,000$160,640102.3%
Woodbury72122-41%$312,500$281,50011%
Newport110-90%$300,000$208,85043.6%
Cottage Grove3655-34.5%$260,000$233,00011.6%
Forest Lake1726-34.6%$257,000$200,00028.5%
Hugo1835-48.6%$249,650$212,50017.5%
Bayport35-40%$240,000$340,000-29.4%
Oakdale3250-36%$230,000$205,62511.9%
St. Paul Park7540%$210,000$157,00133.8%
Oak Park Heights25-60%$204,000$195,0004.6%
Lakeland42100%$197,000$270,000-27%

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