Oak Grove home prices fall in the third quarter of 2020

Medium re 1

The median sale price of a home sold in the third quarter of 2020 in Oak Grove fell by $2,500 while total sales decreased by 51.4%, according to BlockShopper.com.

From July through September of 2020, there were 18 homes sold, with a median sale price of $342,500 - a 0.7% decrease over the $345,000 median sale price for the same period of the previous year. There were 37 homes sold in Oak Grove in the third quarter of 2019.

The median sales tax in Oak Grove for the most recent year with available data, 2019, was $2,448, approximately 0.7% of the median home sale price for the third quarter of 2020.

The following table compares Oak Grove to other Anoka County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Ham Lake2939-25.6%$399,900$355,00012.6%
Lino Lakes4249-14.3%$375,000$295,00027.1%
Oak Grove1837-51.4%$342,500$345,000-0.7%
Martin Lake37-57.1%$304,900$237,00028.6%
East Bethel1848-62.5%$300,000$264,80013.3%

Blockshopper green logo