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Minnesota State Wire

Wednesday, November 6, 2024

Forest Lake home prices rise in September 2019

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The median sale price of a home sold in September 2019 in Forest Lake rose by $38,750 while total sales increased by 31.3%, according to BlockShopper.com.

In September 2019, there were 42 homes sold, with a median sale price of $278,000 - a 16.2% increase over the $239,250 median sale price for the same period of the previous year. There were 32 homes sold in Forest Lake in September 2018.

The median sales tax in Forest Lake for the most recent year with available data, 2015, was $2,288, approximately 0.8% of the median home sale price for September 2019.

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

CitySept. 2019 Home SalesSept. 2018 Home Sales% change (Total Home Sales)Sept. 2019 Median Sales PriceSept. 2018 Median Sales Price% change (Median Sales Price)
Scandia660%$349,250$244,50042.8%
Stillwater4657-19.3%$339,750$373,000-8.9%
Woodbury12410913.8%$319,900$280,00014.3%
Lakeland24-50%$314,000$253,472.5023.9%
Oak Park Heights35-40%$300,000$230,00030.4%
Forest Lake423231.3%$278,000$239,25016.2%
Cottage Grove68629.7%$267,800$265,0001.1%
Oakdale53521.9%$240,000$243,750-1.5%
Hugo362450%$235,950$302,000-21.9%
St. Paul Park12933.3%$230,500$200,00015.3%
Newport7616.7%$228,000$200,75013.6%

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