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Monday, November 25, 2024

The fourth quarter of 2021: Mahtomedi experienced a 9.1% drop in median home prices

Realestate3

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The median sale price of a home sold in the fourth quarter of 2021 in Mahtomedi fell by $35,000 while total sales increased by 37.5%, according to BlockShopper.com.

From October through December of 2021, there were 22 homes sold, with a median sale price of $348,000 - a 9.1% decrease over the $383,000 median sale price for the same period of the previous year. There were 16 homes sold in Mahtomedi in the fourth quarter of 2020.

The median sales tax in Mahtomedi for the most recent year with available data, 2020, was $4,392, approximately 1.3% of the median home sale price for the fourth quarter of 2021.

The following table compares Mahtomedi 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)
Afton10911.1%$537,500$500,0007.5%
Hastings52150%$525,000$330,00059.1%
Pine Springs10-$450,000$0-
Woodbury28119544.1%$375,000$350,0007.1%
Stillwater1055494.4%$365,000$354,2503%
Mahtomedi221637.5%$348,000$383,000-9.1%
Birchwood Village52150%$345,000$583,750-40.9%
Cottage Grove1071070%$335,000$295,00013.6%
Hugo654447.7%$330,000$287,50014.8%
Lakeland62200%$317,450$256,00024%
Bayport6450%$316,950$250,833.3326.4%

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