From July through December of 2020, there were eight homes sold, with a median sale price of $234,250 - a 4.6% decrease over the $245,642 median sale price for the same period of the previous year. There were 17 homes sold in Lakeland in the second half of 2019.
The median sales tax in Lakeland for 2020 was $2,635. In 2019, the median sales tax was $2,671. This marks an decrease of 1.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Lakeland to other Washington County cities with similar median sale prices in the second half of 2020:
| City | July - Dec. 2020 Home Sales | July - Dec. 2019 Home Sales | % change (Total Home Sales) | July - Dec. 2020 Median Sales Price | July - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodbury | 474 | 682 | -30.5% | $345,000 | $315,200 | 9.5% |
| Cottage Grove | 204 | 342 | -40.4% | $301,300 | $272,000 | 10.8% |
| Forest Lake | 122 | 197 | -38.1% | $299,750 | $289,900 | 3.4% |
| Lake St. Croix Beach | 7 | 13 | -46.2% | $270,000 | $217,000 | 24.4% |
| Oakdale | 169 | 281 | -39.9% | $265,000 | $235,000 | 12.8% |
| Oak Park Heights | 26 | 37 | -29.7% | $253,500 | $252,500 | 0.4% |
| Newport | 15 | 33 | -54.5% | $250,000 | $242,000 | 3.3% |
| St. Paul Park | 28 | 41 | -31.7% | $247,500 | $218,400 | 13.3% |
| Hugo | 110 | 161 | -31.7% | $241,500 | $225,000 | 7.3% |
| Lakeland | 8 | 17 | -52.9% | $234,250 | $245,642 | -4.6% |
| Willernie | 4 | 4 | 0% | $231,500 | $227,200 | 1.9% |
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