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Adobe Stock
From January through June, there were 120 homes sold, with a median sale price of $324,500 - a 7.3 percent increase over the $302,500 median sale price for the same period of the previous year. There were 140 homes sold in Forest Lake in the first half of 2021.
The median sales tax in Forest Lake for the most recent year with available data, 2020, was $3,130, approximately one percent of the median home sale price for the first half of 2022.
The following table compares Forest Lake to other Washington County cities with similar median sale prices in the first half of 2022:
| City | January - June 2022 Home Sales | January - June 2021 Home Sales | % change (Total Home Sales) | January - June 2022 Median Sales Price | January - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeland | 14 | 14 | 0 | $382,500 | $300,299 | 27.4 |
| Willernie | 5 | 9 | -44.4 | $355,000 | $217,000 | 63.6 |
| Cottage Grove | 193 | 211 | -8.5 | $353,000 | $320,000 | 10.3 |
| Bayport | 18 | 22 | -18.2 | $351,500 | $343,750 | 2.3 |
| Oak Park Heights | 28 | 25 | 12 | $340,000 | $283,000 | 20.1 |
| Forest Lake | 120 | 140 | -14.3 | $324,500 | $302,500 | 7.3 |
| Newport | 32 | 20 | 60 | $300,000 | $296,250 | 1.3 |
| Hugo | 129 | 122 | 5.7 | $295,000 | $267,805 | 10.2 |
| St. Paul Park | 40 | 44 | -9.1 | $282,250 | $248,500 | 13.6 |
| Oakdale | 190 | 197 | -3.6 | $273,950 | $295,000 | -7.1 |
| Lake St. Croix Beach | 8 | 7 | 14.3 | $233,350 | $282,000 | -17.3 |
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