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Minnesota State Wire

Friday, September 12, 2025

Mahtomedi home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Mahtomedi fell by $60,000 while total sales increased by 60%, according to BlockShopper.com.

In October 2018, there were 16 homes sold, with a median sale price of $317,500 - a 15.9% decrease over the $377,500 median sale price for the same period of the previous year. There were 10 homes sold in Mahtomedi in October 2017.

The median sales tax in Mahtomedi for the most recent year with available data, 2015, was $3,680, approximately 1.2% of the median home sale price for October 2018.

The following table compares Mahtomedi to other Washington County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Grant83166.7%$397,500$505,000-21.3%
Scandia93200%$382,000$412,000-7.3%
Lake Elmo121020%$360,450$320,00012.6%
Hastings24-50%$348,000$370,000-5.9%
Stillwater5226100%$345,000$302,50014%
Mahtomedi161060%$317,500$377,500-15.9%
Woodbury1209427.7%$279,900$287,325-2.6%
Forest Lake2829-3.4%$272,450$217,00025.6%
Oak Park Heights910-10%$240,000$179,00034.1%
Cottage Grove56519.8%$239,500$238,4000.5%
Bayport5366.7%$220,000$405,000-45.7%

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