Lakeland home prices fall in the first half of 2020

Medium realestate2

The median sale price of a home sold in the first half of 2020 in Lakeland fell by $5,100 while total sales decreased by 8.3%, according to BlockShopper.com.

From January through June of 2020, there were 11 homes sold, with a median sale price of $274,900 - a 1.8% decrease over the $280,000 median sale price for the same period of the previous year. There were 12 homes sold in Lakeland in the first half of 2019.

The median sales tax in Lakeland for the most recent year with available data, 2015, was $2,334, approximately 0.8% of the median home sale price for the first half of 2020.

The following table compares Lakeland to other Washington County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Mahtomedi4561-26.2%$362,000$335,5007.9%
Stillwater174232-25%$351,500$308,80013.8%
Woodbury464563-17.6%$333,950$317,0005.3%
Pine Springs31200%$323,500$370,000-12.6%
Birchwood Village46-33.3%$307,250$382,737.50-19.7%
Lakeland1112-8.3%$274,900$280,000-1.8%
Cottage Grove201307-34.5%$272,500$258,9005.3%
Bayport20200%$270,250$252,2507.1%
Oak Park Heights2534-26.5%$255,000$216,50017.8%
Lake St. Croix Beach39-66.7%$255,000$229,00011.4%
Forest Lake137148-7.4%$254,900$278,400-8.4%

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