Mahtomedi home prices fall 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 Mahtomedi fell by $5,375 while total sales decreased by 45.7%, according to

From July through September of 2020, there were 19 homes sold, with a median sale price of $383,000 - a 1.4% decrease over the $388,375 median sale price for the same period of the previous year. There were 35 homes sold in Mahtomedi in the third quarter of 2019.

The median sales tax in Mahtomedi for the most recent year with available data, 2015, was $3,680, approximately 1% of the median home sale price for the third quarter of 2020.

The following table compares Mahtomedi 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)
Lake Elmo1330-56.7%$499,900$477,4354.7%
St. Marys Point10-$450,000$0-
Birchwood Village517-70.6%$390,000$375,0004%
Marine on St. Croix14-75%$374,605$600,000-37.6%
Cottage Grove87235-63%$310,000$275,00012.7%

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