From July through September of 2020, there were six homes sold, with a median sale price of $234,250 - a 18.7% decrease over the $288,000 median sale price for the same period of the previous year. There were 11 homes sold in Lakeland in the third quarter of 2019.
The median sales tax in Lakeland for the most recent year with available data, 2015, was $2,334, approximately 1% of the median home sale price for the third quarter of 2020.
The following table compares Lakeland to other Washington County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodbury | 236 | 440 | -46.4% | $331,000 | $320,000 | 3.4% |
| Cottage Grove | 87 | 235 | -63% | $310,000 | $275,000 | 12.7% |
| Forest Lake | 63 | 135 | -53.3% | $299,000 | $299,000 | 0% |
| Oakdale | 84 | 190 | -55.8% | $274,500 | $235,000 | 16.8% |
| Lake St. Croix Beach | 5 | 8 | -37.5% | $271,000 | $254,000 | 6.7% |
| Newport | 7 | 26 | -73.1% | $248,000 | $233,000 | 6.4% |
| St. Paul Park | 11 | 27 | -59.3% | $241,500 | $218,400 | 10.6% |
| Hugo | 53 | 111 | -52.3% | $240,000 | $226,500 | 6% |
| Lakeland | 6 | 11 | -45.5% | $234,250 | $288,000 | -18.7% |
| Oak Park Heights | 11 | 19 | -42.1% | $195,500 | $252,500 | -22.6% |
| Willernie | 1 | 3 | -66.7% | $181,800 | $208,000 | -12.6% |
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