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Sunday, November 24, 2024

Mounds View home prices fall in the fourth quarter of 2018

Realestate1

The median sale price of a home sold in the fourth quarter of 2018 in Mounds View fell by $2,500 while total sales increased by 40%, according to BlockShopper.com.

From October through December of 2018, there were 28 homes sold, with a median sale price of $232,500 - a 1.1% decrease over the $235,000 median sale price for the same period of the previous year. There were 20 homes sold in Mounds View in the fourth quarter of 2017.

The median sales tax in Mounds View for 2018 was $2,610. In 2017, the median sales tax was $2,408. This marks an increase of 8.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.

The following table compares Mounds View to other Ramsey County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Little Canada2737-27%$262,000$198,50032%
Roseville1168930.3%$257,177$245,0005%
White Bear Lake6668-2.9%$256,040$229,95011.3%
New Brighton5769-17.4%$239,500$235,0001.9%
Maplewood101107-5.6%$237,500$212,00012%
Mounds View282040%$232,500$235,000-1.1%
Lauderdale9812.5%$209,000$190,00010%
North St. Paul403321.2%$208,250$199,0004.6%
St. Paul1,00776232.2%$194,900$180,0008.3%
Vadnais Heights3238-15.8%$157,625$207,450-24%
Gem Lake41300%$141,500$895,000-84.2%

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