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East Twin Cities

Monday, November 25, 2024

Home prices decreased in Forest Lake during December 2021

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The median sale price of a home sold in December 2021 in Forest Lake fell by $48,500 while total sales increased by 7.1%, according to BlockShopper.com.

In December 2021, there were 15 homes sold, with a median sale price of $287,000 - a 14.5% decrease over the $335,500 median sale price for the same period of the previous year. There were 14 homes sold in Forest Lake in December 2020.

The median sales tax in Forest Lake for the most recent year with available data, 2020, was $3,130, approximately 1.1% of the median home sale price for December 2021.

The following table compares Forest Lake to other Washington County cities with similar median sale prices in December 2021:

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Woodbury776126.2%$375,000$364,0003%
Stillwater2912141.7%$369,000$330,50011.6%
Cottage Grove2434-29.4%$342,500$315,0008.7%
Oakdale25238.7%$300,000$239,50025.3%
Lake St. Croix Beach30-$300,000$0-
Forest Lake15147.1%$287,000$335,500-14.5%
Afton330%$280,000$400,000-30%
Lakeland12-50%$275,000$256,0007.4%
Birchwood Village20-$271,000$0-
Hugo189100%$262,449.50$282,000-6.9%
Oak Park Heights550%$252,000$265,000-4.9%

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