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Monday, November 25, 2024

What happened to the median home price in Woodbury during the second half of 2021?

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The median sale price of a home sold in the second half of 2021 in Woodbury rose by $43,000 while total sales increased by 41.7%, according to BlockShopper.com.

From July through December of 2021, there were 676 homes sold, with a median sale price of $385,000 - a 12.6% increase over the $342,000 median sale price for the same period of the previous year. There were 477 homes sold in Woodbury in the second half of 2020.

The median sales tax in Woodbury for the most recent year with available data, 2020, was $4,149, approximately 1.1% of the median home sale price for the second half of 2021.

The following table compares Woodbury to other Washington County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Scandia24229.1%$532,000$377,50040.9%
Afton2224-8.3%$507,500$534,500-5.1%
Stillwater22913470.9%$425,000$362,50017.2%
Marine on St. Croix81700%$389,950$374,6054.1%
Mahtomedi613764.9%$387,000$381,0001.6%
Woodbury67647741.7%$385,000$342,00012.6%
Birchwood Village10742.9%$370,000$390,000-5.1%
Lakeland13862.5%$345,000$234,25047.3%
St. Marys Point31200%$345,000$450,000-23.3%
Cottage Grove29020839.4%$340,000$301,30012.8%
Bayport15147.1%$324,000$387,750-16.4%

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