From January through December of 2020, there were 272 homes sold, with a median sale price of $266,250 - a 4.9% decrease over the $280,000 median sale price for the previous year. There were 345 homes sold in Forest Lake in 2019.
The median sales tax in Forest Lake for 2020 was $3,130. In 2019, the median sales tax was $3,002. This marks an increase of 4.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Forest Lake to other Washington County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Stillwater | 314 | 472 | -33.5% | $355,000 | $325,000 | 9.2% |
| Woodbury | 987 | 1,245 | -20.7% | $339,999 | $315,900 | 7.6% |
| Pine Springs | 3 | 3 | 0% | $323,500 | $476,750 | -32.1% |
| Bayport | 34 | 46 | -26.1% | $303,000 | $256,750 | 18% |
| Cottage Grove | 432 | 649 | -33.4% | $285,000 | $264,900 | 7.6% |
| Forest Lake | 272 | 345 | -21.2% | $266,250 | $280,000 | -4.9% |
| Lake St. Croix Beach | 10 | 22 | -54.5% | $265,000 | $227,000 | 16.7% |
| Oak Park Heights | 53 | 71 | -25.4% | $255,000 | $231,000 | 10.4% |
| Willernie | 10 | 8 | 25% | $254,000 | $226,450 | 12.2% |
| Lakeland | 19 | 29 | -34.5% | $250,000 | $279,000 | -10.4% |
| Oakdale | 379 | 488 | -22.3% | $250,000 | $230,000 | 8.7% |
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