Forest Lake home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Forest Lake rose by $20,000 while total sales decreased by 52%, according to

In October 2020, there were 12 homes sold, with a median sale price of $285,000 - a 7.5% increase over the $265,000 median sale price for the same period of the previous year. There were 25 homes sold in Forest Lake in October 2019.

The median sales tax in Forest Lake for the most recent year with available data, 2015, was $2,288, approximately 0.8% of the median home sale price for October 2020.

The following table compares Forest Lake to other Washington County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Cottage Grove2440-40%$292,800$273,0007.3%
Forest Lake1225-52%$285,000$265,0007.5%
Oak Park Heights58-37.5%$271,000$247,5009.5%
St. Paul Park5366.7%$235,000$224,0004.9%

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