Home prices increased in Lakeland during April

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The median sale price of a home sold in April in Lakeland rose by $47,500 while total sales decreased by 16.7 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $350,000 - a 15.7 percent increase over the $302,500 median sale price for the same period of the previous year. There were six homes sold in Lakeland in April 2021.

The median sales tax in Lakeland for the most recent year with available data, 2020, was $2,635, approximately 0.8 percent of the median home sale price for April.

The following table compares Lakeland to other Washington County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Pine Springs10-$440,000$0-
Cottage Grove2145-53.3$370,000$330,00012.1
Forest Lake1230-60$350,000$267,50030.8
Lake St. Croix Beach20-$310,000$0-
Birchwood Village13-66.7$307,000$600,000-48.8

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