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Saturday, November 23, 2024

What happened to the median home price in Marine on St. Croix during the first half of 2022?

Re 12

The median sale price of a home sold in the first half of 2022 in Marine on St. Croix fell by $15,000 while total sales decreased by 33.3 percent, according to BlockShopper.com.

From January through June, there were four homes sold, with a median sale price of $505,000 - a 2.9 percent decrease from the $520,000 median sale price for the same period of the previous year. There were six homes sold in Marine on St. Croix in the first half of 2021.

The median sales tax in Marine on St. Croix for the most recent year with available data, 2020, was $4,830, approximately one percent of the median home sale price for the first half of 2022.

The following table compares Marine on St. Croix to other Washington County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Lake Elmo3040-25$680,000$553,50022.9
Lakeland Shores42100$612,500$1,447,500-57.7
Afton1215-20$598,000$680,000-12.1
St. Marys Point3250$587,500$574,0002.4
Pine Springs42100$551,000$638,500-13.7
Marine on St. Croix46-33.3$505,000$520,000-2.9
Stillwater171182-6$452,500$400,00013.1
Birchwood Village56-16.7$419,000$435,000-3.7
Scandia920-55$402,000$508,250-20.9
Mahtomedi484311.6$398,750$400,000-0.3
Woodbury457538-15.1$394,000$370,0006.5

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