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Saturday, November 2, 2024

How did home prices perform in Scandia during the first quarter of 2022?

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The median sale price of a home sold in the first quarter of 2022 in Scandia rose by $286,400 while total sales decreased by 50%, according to BlockShopper.com.

From January through March of 2022, there were three homes sold, with a median sale price of $619,900 - a 85.9% increase over the $333,500 median sale price for the same period of the previous year. There were six homes sold in Scandia in the first quarter of 2021.

The median sales tax in Scandia for the most recent year with available data, 2020, was $3,845, approximately 0.6% of the median home sale price for the first quarter of 2022.

The following table compares Scandia to other Washington County cities with similar median sale prices in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median Sales PriceJan. - Mar. 2021 Median Sales Price% change (Median Sales Price)
Dellwood12-50%$1,135,000$928,00022.3%
Hastings10-$780,000$0-
Grant880%$730,450$468,50055.9%
Lake Elmo11110%$625,000$557,00012.2%
Scandia36-50%$619,900$333,50085.9%
Pine Springs220%$601,000$638,500-5.9%
Lakeland25-60%$557,500$280,00099.1%
Lakeland Shores20-$495,000$0-
Birchwood Village220%$486,250$371,00031.1%
Afton36-50%$410,000$950,000-56.8%
Stillwater756711.9%$390,000$389,2500.2%

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