From October through December of 2021, there were six homes sold, with a median sale price of $317,450 - a 24% increase over the $256,000 median sale price for the same period of the previous year. There were two homes sold in Lakeland in the fourth quarter of 2020.
The median sales tax in Lakeland for the most recent year with available data, 2020, was $2,635, approximately 0.8% of the median home sale price for the fourth quarter of 2021.
The following table compares Lakeland to other Washington County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Stillwater | 105 | 54 | 94.4% | $365,000 | $354,250 | 3% |
| Mahtomedi | 22 | 16 | 37.5% | $348,000 | $383,000 | -9.1% |
| Birchwood Village | 5 | 2 | 150% | $345,000 | $583,750 | -40.9% |
| Cottage Grove | 107 | 107 | 0% | $335,000 | $295,000 | 13.6% |
| Hugo | 65 | 44 | 47.7% | $330,000 | $287,500 | 14.8% |
| Lakeland | 6 | 2 | 200% | $317,450 | $256,000 | 24% |
| Bayport | 6 | 4 | 50% | $316,950 | $250,833.33 | 26.4% |
| Marine on St. Croix | 3 | 0 | - | $315,925 | $0 | - |
| Lake St. Croix Beach | 4 | 1 | 300% | $302,500 | $260,000 | 16.3% |
| Forest Lake | 68 | 52 | 30.8% | $302,500 | $300,000 | 0.8% |
| Oakdale | 92 | 71 | 29.6% | $275,300 | $245,000 | 12.4% |
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