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Minnesota State Wire

Wednesday, September 10, 2025

Falling home prices in Forest Lake in October 2021

Webp re 6

The median sale price of a home sold in October 2021 in Forest Lake fell by $15,000 while total sales decreased by 10.5%, according to BlockShopper.com.

In October 2021, there were 17 homes sold, with a median sale price of $295,000 - a 4.8% decrease over the $310,000 median sale price for the same period of the previous year. There were 19 homes sold in Forest Lake in October 2020.

The median sales tax in Forest Lake for the most recent year with available data, 2020, was $3,130, approximately 1.1% of the median home sale price for October 2021.

The following table compares Forest Lake to other Washington County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Cottage Grove2442-42.9%$332,500$306,0008.7%
Hastings110%$325,000$460,000-29.3%
Marine on St. Croix10-$315,925$0-
Bayport31200%$309,900$275,00012.7%
Lakeland20-$297,500$0-
Forest Lake1719-10.5%$295,000$310,000-4.8%
St. Paul Park36-50%$285,000$245,00016.3%
Mahtomedi27-71.4%$274,000$362,500-24.4%
Newport52150%$272,500$260,0004.8%
Oakdale22214.8%$271,750.50$239,00013.7%
Willernie20-$209,983.50$0-

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