The median sale price of a home sold in the third quarter of 2021 in Martin Lake rose by $105,050 while total sales increased by 33.3%, according to BlockShopper.com.
From July through September of 2021, there were four homes sold, with a median sale price of $409,950 - a 34.5% increase over the $304,900 median sale price for the same period of the previous year. There were three homes sold in Martin Lake in the third quarter of 2020.
The median sales tax in Martin Lake for the most recent year with available data, 2019, was $2,187, approximately 0.5% of the median home sale price for the third quarter of 2021.
The following table compares Martin Lake to other Anoka County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Columbus | 10 | 11 | -9.1% | $512,000 | $350,000 | 46.3% |
| Linwood | 10 | 11 | -9.1% | $429,000 | $326,000 | 31.6% |
| Nowthen | 16 | 7 | 128.6% | $423,750 | $345,000 | 22.8% |
| Oak Grove | 23 | 18 | 27.8% | $415,000 | $342,500 | 21.2% |
| Lino Lakes | 64 | 51 | 25.5% | $412,549.50 | $371,000 | 11.2% |
| Martin Lake | 4 | 3 | 33.3% | $409,950 | $304,900 | 34.5% |
| East Bethel | 41 | 19 | 115.8% | $398,900 | $300,000 | 33% |
| Ham Lake | 38 | 34 | 11.8% | $390,000 | $387,450 | 0.7% |
| Andover | 143 | 105 | 36.2% | $390,000 | $359,900 | 8.4% |
| Ramsey | 114 | 75 | 52% | $339,950 | $300,000 | 13.3% |
| Centerville | 20 | 9 | 122.2% | $330,000 | $275,000 | 20% |
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