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Monday, November 25, 2024

Rising home prices in Mahtomedi in May 2021

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The median sale price of a home sold in May 2021 in Mahtomedi rose by $185,000 while total sales decreased by 18.2%, according to BlockShopper.com.

In May 2021, there were nine homes sold, with a median sale price of $500,000 - a 58.7% increase over the $315,000 median sale price for the same period of the previous year. There were 11 homes sold in Mahtomedi in May 2020.

The median sales tax in Mahtomedi for the most recent year with available data, 2020, was $4,392, approximately 0.9% of the median home sale price for May 2021.

The following table compares Mahtomedi to other Washington County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Scandia13-66.7%$1,200,000$430,000179.1%
Lake Elmo9812.5%$655,000$462,50041.6%
Afton24-50%$597,500$562,0006.3%
Grant63100%$550,050$650,000-15.4%
Newport24-50%$545,000$342,95058.9%
Mahtomedi911-18.2%$500,000$315,00058.7%
Marine on St. Croix110%$490,000$420,00016.7%
Stillwater2237-40.5%$417,500$355,00017.6%
Woodbury87852.4%$370,000$292,50026.5%
Bayport17-85.7%$350,000$243,35043.8%
Forest Lake1322-40.9%$341,000$255,50033.5%

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