From January through March of 2021, there were 54 homes sold, with a median sale price of $247,500 - a 2.9% decrease over the $255,000 median sale price for the same period of the previous year. There were 67 homes sold in Forest Lake in the first quarter of 2020.
The median sales tax in Forest Lake for the most recent year with available data, 2020, was $3,130, approximately 1.3% of the median home sale price for the first quarter of 2021.
The following table compares Forest Lake to other Washington County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cottage Grove | 76 | 90 | -15.6% | $307,500 | $266,950 | 15.2% |
| Lake St. Croix Beach | 3 | 0 | - | $289,900 | $0 | - |
| Oak Park Heights | 7 | 13 | -46.2% | $285,000 | $250,000 | 14% |
| Lakeland | 5 | 6 | -16.7% | $280,000 | $277,500 | 0.9% |
| Hugo | 43 | 58 | -25.9% | $275,000 | $225,500 | 22% |
| Oakdale | 63 | 89 | -29.2% | $270,000 | $224,000 | 20.5% |
| Mahtomedi | 6 | 19 | -68.4% | $265,500 | $370,000 | -28.2% |
| St. Paul Park | 13 | 19 | -31.6% | $257,000 | $209,369 | 22.7% |
| Forest Lake | 54 | 67 | -19.4% | $247,500 | $255,000 | -2.9% |
| Willernie | 3 | 3 | 0% | $217,000 | $230,000 | -5.7% |
| St. Marys Point | 1 | 1 | 0% | $198,000 | $332,000 | -40.4% |
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