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Monday, November 25, 2024

Mahtomedi home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Mahtomedi rose by $26,500 while total sales decreased by 26.2%, according to BlockShopper.com.

From January through June of 2020, there were 45 homes sold, with a median sale price of $362,000 - a 7.9% increase over the $335,500 median sale price for the same period of the previous year. There were 61 homes sold in Mahtomedi in the first half of 2019.

The median sales tax in Mahtomedi for the most recent year with available data, 2015, was $3,680, approximately 1% of the median home sale price for the first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Hastings440%$478,300$522,500-8.5%
Lake Elmo3840-5%$445,000$444,2500.2%
Scandia1822-18.2%$429,500$372,45015.3%
Marine on St. Croix514-64.3%$420,000$270,25055.4%
St. Marys Point21100%$417,000$1,520,000-72.6%
Mahtomedi4561-26.2%$362,000$335,5007.9%
Stillwater174232-25%$351,500$308,80013.8%
Woodbury464563-17.6%$333,950$317,0005.3%
Pine Springs31200%$323,500$370,000-12.6%
Birchwood Village46-33.3%$307,250$382,737.50-19.7%
Lakeland1112-8.3%$274,900$280,000-1.8%

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