Lakeland home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Lakeland fell by $5,100 while total sales decreased by 50%, according to

From April through June of 2020, there were five 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 10 homes sold in Lakeland in the second quarter 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 second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Pine Springs10-$323,500$0-
Birchwood Village15-80%$307,000$363,974.99-15.7%
Cottage Grove112208-46.2%$283,950$266,7506.4%
Oak Park Heights1224-50%$265,000$214,00023.8%
St. Paul Park1432-56.3%$261,000$230,882.5013%
Lake St. Croix Beach35-40%$255,000$265,000-3.8%
Forest Lake70103-32%$252,700$285,000-11.3%

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