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Minnesota State Wire

Wednesday, November 6, 2024

Falling home prices in Afton in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Afton fell by $110,050 while total sales decreased by 20%, according to BlockShopper.com.

From July through September of 2021, there were 12 homes sold, with a median sale price of $499,950 - a 18% decrease over the $610,000 median sale price for the same period of the previous year. There were 15 homes sold in Afton in the third quarter of 2020.

The median sales tax in Afton for the most recent year with available data, 2020, was $4,799, approximately 1% of the median home sale price for the third quarter of 2021.

The following table compares Afton to other Washington County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Hastings34-25%$716,700$642,50011.5%
Marine on St. Croix31200%$625,000$374,60566.8%
Grant191618.8%$620,000$419,95047.6%
Lake Elmo3817123.5%$564,250$499,90012.9%
Scandia141127.3%$532,000$355,00049.9%
Afton1215-20%$499,950$610,000-18%
Stillwater1178046.3%$466,500$362,50028.7%
Mahtomedi372176.2%$450,000$355,00026.8%
Woodbury35528225.9%$396,700$339,95016.7%
Birchwood Village550%$395,000$390,0001.3%
Lakeland660%$349,200$234,25049.1%

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