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Monday, November 25, 2024

The fourth quarter of 2021: Newport experienced a 10.3% drop in median home prices

Realestate077

The median sale price of a home sold in the fourth quarter of 2021 in Newport fell by $27,000 while total sales increased by 85.7%, according to BlockShopper.com.

From October through December of 2021, there were 13 homes sold, with a median sale price of $235,000 - a 10.3% decrease over the $262,000 median sale price for the same period of the previous year. There were seven homes sold in Newport in the fourth quarter of 2020.

The median sales tax in Newport for the most recent year with available data, 2020, was $3,373, approximately 1.4% of the median home sale price for the fourth quarter of 2021.

The following table compares Newport to other Washington County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Hugo654447.7%$330,000$287,50014.8%
Lakeland62200%$317,450$256,00024%
Bayport6450%$316,950$250,833.3326.4%
Marine on St. Croix30-$315,925$0-
Lake St. Croix Beach41300%$302,500$260,00016.3%
Forest Lake685230.8%$302,500$300,0000.8%
Oakdale927129.6%$275,300$245,00012.4%
St. Paul Park1415-6.7%$275,000$260,0005.8%
Oak Park Heights13128.3%$270,000$268,0000.7%
Newport13785.7%$235,000$262,000-10.3%
Willernie21100%$209,983.50$273,301-23.2%

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