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Minnesota State Wire

Tuesday, November 5, 2024

Forest Lake home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Forest Lake fell by $7,450 while total sales decreased by 10.7%, according to BlockShopper.com.

In October 2019, there were 25 homes sold, with a median sale price of $265,000 - a 2.7% decrease over the $272,450 median sale price for the same period of the previous year. There were 28 homes sold in Forest Lake in October 2018.

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 October 2019.

The following table compares Forest Lake to other Washington County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Scandia89-11.1%$375,000$382,000-1.8%
Stillwater3652-30.8%$336,900$345,000-2.3%
Woodbury111120-7.5%$289,500$279,9003.4%
Cottage Grove4056-28.6%$273,000$239,50014%
Lakeland24-50%$271,000$419,000-35.3%
Forest Lake2528-10.7%$265,000$272,450-2.7%
Oak Park Heights89-11.1%$247,500$240,0003.1%
Newport220%$229,950$157,00046.5%
Hugo1934-44.1%$225,000$219,0752.7%
St. Paul Park37-57.1%$224,000$196,50014%
Oakdale39390%$220,200$210,0004.9%

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