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Minnesota State Wire

Wednesday, November 6, 2024

Oak Grove home prices rise in the second quarter of 2020

Realestate077

The median sale price of a home sold in the second quarter of 2020 in Oak Grove rose by $54,000 while total sales decreased by 18.2%, according to BlockShopper.com.

From April through June of 2020, there were 18 homes sold, with a median sale price of $339,950 - a 18.9% increase over the $285,950 median sale price for the same period of the previous year. There were 22 homes sold in Oak Grove in the second quarter of 2019.

The median sales tax in Oak Grove for the most recent year with available data, 2019, was $2,448, approximately 0.7% of the median home sale price for the second quarter of 2020.

The following table compares Oak Grove to other Anoka County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Ham Lake2254-59.3%$392,000$349,50012.2%
Linwood812-33.3%$377,750$258,00046.4%
Nowthen814-42.9%$355,000$385,500-7.9%
Andover78148-47.3%$345,000$315,0009.5%
Oak Grove1822-18.2%$339,950$285,95018.9%
East Bethel2337-37.8%$335,000$280,00019.6%
Martin Lake23-33.3%$323,750$290,00011.6%
Lino Lakes4559-23.7%$320,000$330,000-3%
Lexington16-83.3%$312,000$195,174.5059.9%
Columbus7616.7%$310,000$279,00011.1%
Centerville1215-20%$287,450$276,0004.1%

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