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Saturday, November 16, 2024

Cottage Grove home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Cottage Grove rose by $29,400 while total sales decreased by 24.2%, according to BlockShopper.com.

From January through March of 2020, there were 75 homes sold, with a median sale price of $266,400 - a 12.4% increase over the $237,000 median sale price for the same period of the previous year. There were 99 homes sold in Cottage Grove in the first quarter of 2019.

The median sales tax in Cottage Grove for the most recent year with available data, 2015, was $2,634, approximately 1% of the median home sale price for the first quarter of 2020.

The following table compares Cottage Grove to other Washington County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
St. Marys Point110%$332,000$1,520,000-78.2%
Woodbury176180-2.2%$311,100$300,2503.6%
Birchwood Village31200%$307,500$401,500-23.4%
Stillwater6590-27.8%$299,900$315,300-4.9%
Lakeland62200%$277,500$299,112.50-7.2%
Cottage Grove7599-24.2%$266,400$237,00012.4%
Forest Lake594531.1%$260,000$257,0001.2%
Pine Springs110%$260,000$370,000-29.7%
Oak Park Heights121020%$249,500$222,50012.1%
Willernie21100%$235,500$200,00017.8%
Newport911-18.2%$235,000$148,00058.8%

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