Forest Lake home prices rose in January 2021

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The median sale price of a home sold in January 2021 in Forest Lake rose by $36,000 while total sales decreased by 26.7%, according to

In January 2021, there were 11 homes sold, with a median sale price of $276,000 - a 15% increase over the $240,000 median sale price for the same period of the previous year. There were 15 homes sold in Forest Lake in January 2020.

The median sales tax in Forest Lake for the most recent year with available data, 2020, was $3,130, approximately 1.1% of the median home sale price for January 2021.

The following table compares Forest Lake to other Washington County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Cottage Grove242114.3%$309,500$268,00015.5%
Forest Lake1115-26.7%$276,000$240,00015%
St. Paul Park34-25%$252,000$138,75081.6%

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