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Minnesota State Wire

Tuesday, November 5, 2024

Lakeland home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Lakeland fell by $148,000 while total sales decreased by 50%, according to BlockShopper.com.

In October 2019, there were two homes sold, with a median sale price of $271,000 - a 35.3% decrease over the $419,000 median sale price for the same period of the previous year. There were four homes sold in Lakeland in October 2018.

The median sales tax in Lakeland for the most recent year with available data, 2015, was $2,334, approximately 0.9% of the median home sale price for October 2019.

The following table compares Lakeland 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)
Marine on St. Croix220%$415,000$409,0001.5%
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%

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