From January through December of 2020, there were two homes sold, with a median sale price of $535,000 - a 38% increase over the $387,777 median sale price for the previous year. There were five homes sold in Gem Lake in 2019.
The median sales tax in Gem Lake for the most recent year with available data, 2019, was $4,173, approximately 0.8% of the median home sale price for 2020.
The following table compares Gem Lake to other Ramsey County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Oaks | 47 | 52 | -9.6% | $709,000 | $639,750 | 10.8% |
| Gem Lake | 2 | 5 | -60% | $535,000 | $387,777 | 38% |
| White Bear Beach | 2 | 5 | -60% | $435,000 | $230,000 | 89.1% |
| Arden Hills | 54 | 72 | -25% | $391,250 | $369,500 | 5.9% |
| Bellaire | 1 | 10 | -90% | $390,000 | $302,500 | 28.9% |
| Falcon Heights | 29 | 39 | -25.6% | $360,000 | $329,500 | 9.3% |
| Shoreview | 207 | 299 | -30.8% | $332,000 | $305,000 | 8.9% |
| White Bear Township | 95 | 132 | -28% | $325,000 | $285,000 | 14% |
| St. Anthony | 16 | 25 | -36% | $323,500 | $192,000 | 68.5% |
| New Brighton | 160 | 234 | -31.6% | $299,950 | $280,000 | 7.1% |
| Roseville | 312 | 451 | -30.8% | $286,500 | $265,000 | 8.1% |
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