Cottage Grove home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Cottage Grove rose by $35,000 while total sales decreased by 63%, according to BlockShopper.com.

From July through September of 2020, there were 87 homes sold, with a median sale price of $310,000 - a 12.7% increase over the $275,000 median sale price for the same period of the previous year. There were 235 homes sold in Cottage Grove in the third quarter of 2019.

The median sales tax in Cottage Grove for the most recent year with available data, 2015, was $2,634, approximately 0.8% of the median home sale price for the third quarter of 2020.

The following table compares Cottage Grove to other Washington 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)
Mahtomedi1935-45.7%$383,000$388,375-1.4%
Marine on St. Croix14-75%$374,605$600,000-37.6%
Stillwater67150-55.3%$370,000$347,4506.5%
Scandia1112-8.3%$355,000$325,0009.2%
Woodbury236440-46.4%$331,000$320,0003.4%
Cottage Grove87235-63%$310,000$275,00012.7%
Forest Lake63135-53.3%$299,000$299,0000%
Oakdale84190-55.8%$274,500$235,00016.8%
Lake St. Croix Beach58-37.5%$271,000$254,0006.7%
Newport726-73.1%$248,000$233,0006.4%
St. Paul Park1127-59.3%$241,500$218,40010.6%

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