What happened to the median home price in Mahtomedi during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Mahtomedi rose by $95,000 while total sales increased by 76.2%, according to BlockShopper.com.

From July through September of 2021, there were 37 homes sold, with a median sale price of $450,000 - a 26.8% increase over the $355,000 median sale price for the same period of the previous year. There were 21 homes sold in Mahtomedi in the third quarter of 2020.

The median sales tax in Mahtomedi for the most recent year with available data, 2020, was $4,392, approximately 1% of the median home sale price for the third quarter of 2021.

The following table compares Mahtomedi to other Washington County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Lake Elmo3817123.5%$564,250$499,90012.9%
Birchwood Village550%$395,000$390,0001.3%
Cottage Grove16310161.4%$345,000$310,00011.3%
St. Marys Point31200%$345,000$450,000-23.3%

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