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Adobe Stock
From July through December of 2021, there were eight homes sold, with a median sale price of $397,450 - a 23.3% increase over the $322,450 median sale price for the same period of the previous year. There were four homes sold in Martin Lake in the second half of 2020.
The median sales tax in Martin Lake for the most recent year with available data, 2019, was $2,187, approximately 0.6% of the median home sale price for the second half of 2021.
The following table compares Martin Lake to other Anoka County cities with similar median sale prices in the second half of 2021:
| City | July - Dec. 2021 Home Sales | July - Dec. 2020 Home Sales | % change (Total Home Sales) | July - Dec. 2021 Median Sales Price | July - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oak Grove | 46 | 40 | 15% | $421,500 | $342,500 | 23.1% |
| Lino Lakes | 127 | 74 | 71.6% | $405,000 | $344,000 | 17.7% |
| Linwood | 19 | 19 | 0% | $405,000 | $320,000 | 26.6% |
| Nowthen | 31 | 15 | 106.7% | $402,500 | $378,000 | 6.5% |
| Columbus | 18 | 16 | 12.5% | $400,000 | $358,200 | 11.7% |
| Martin Lake | 8 | 4 | 100% | $397,450 | $322,450 | 23.3% |
| Ham Lake | 74 | 53 | 39.6% | $390,000 | $399,900 | -2.5% |
| Andover | 225 | 168 | 33.9% | $377,500 | $358,950 | 5.2% |
| East Bethel | 77 | 43 | 79.1% | $375,000 | $310,000 | 21% |
| Ramsey | 210 | 140 | 50% | $335,250 | $300,000 | 11.8% |
| Centerville | 32 | 12 | 166.7% | $327,500 | $271,500 | 20.6% |
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