From January through December of 2021, there were four homes sold, with a median sale price of $392,500 - a 26.6% decrease over the $535,000 median sale price for the previous year. There were two homes sold in Gem Lake in 2020.
The median sales tax in Gem Lake for the most recent year with available data, 2019, was $4,173, approximately 1.1% of the median home sale price for 2021.
The following table compares Gem Lake to other Ramsey County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Oaks | 47 | 47 | 0% | $787,000 | $709,000 | 11% |
| Arden Hills | 76 | 55 | 38.2% | $408,000 | $392,500 | 3.9% |
| Gem Lake | 4 | 2 | 100% | $392,500 | $535,000 | -26.6% |
| Falcon Heights | 37 | 29 | 27.6% | $390,000 | $360,000 | 8.3% |
| Shoreview | 254 | 208 | 22.1% | $375,000 | $331,835 | 13% |
| White Bear Township | 124 | 96 | 29.2% | $359,950 | $324,750 | 10.8% |
| Bellaire | 6 | 1 | 500% | $355,000 | $390,000 | -9% |
| White Bear Beach | 4 | 2 | 100% | $337,450 | $435,000 | -22.4% |
| St. Anthony | 24 | 16 | 50% | $332,500 | $323,500 | 2.8% |
| New Brighton | 237 | 162 | 46.3% | $330,000 | $299,950 | 10% |
| White Bear Lake | 264 | 228 | 15.8% | $311,750 | $277,700 | 12.3% |
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