In July 2020, there were two homes sold, with a median sale price of $294,250 - a 19.8% increase over the $245,642 median sale price for the same period of the previous year. There were five homes sold in Lakeland in July 2019.
The median sales tax in Lakeland for the most recent year with available data, 2015, was $2,334, approximately 0.8% of the median home sale price for July 2020.
The following table compares Lakeland to other Washington County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Elmo | 3 | 11 | -72.7% | $365,625 | $435,000 | -15.9% |
| Woodbury | 79 | 156 | -49.4% | $364,900 | $325,000 | 12.3% |
| Mahtomedi | 5 | 13 | -61.5% | $325,000 | $425,000 | -23.5% |
| Stillwater | 24 | 34 | -29.4% | $317,000 | $357,450 | -11.3% |
| Bayport | 3 | 4 | -25% | $300,000 | $270,000 | 11.1% |
| Lakeland | 2 | 5 | -60% | $294,250 | $245,642 | 19.8% |
| Cottage Grove | 28 | 67 | -58.2% | $280,950 | $289,000 | -2.8% |
| Oakdale | 31 | 65 | -52.3% | $270,000 | $225,000 | 20% |
| St. Paul Park | 5 | 7 | -28.6% | $240,000 | $230,000 | 4.3% |
| Hugo | 14 | 33 | -57.6% | $237,500 | $215,000 | 10.5% |
| Forest Lake | 15 | 43 | -65.1% | $215,000 | $320,000 | -32.8% |
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