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From July through September of 2018, there were 22 homes sold, with a median sale price of $332,700 - a 23.2% increase over the $270,000 median sale price for the same period of the previous year. There were 11 homes sold in Falcon Heights in the third quarter of 2017.
The median sales tax in Falcon Heights for 2018 was $3,884. In 2017, the median sales tax was $3,140. This marks an increase of 23.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Falcon Heights to other Ramsey County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Oaks | 17 | 12 | 41.7% | $580,000 | $630,150 | -8% |
| Arden Hills | 31 | 34 | -8.8% | $400,000 | $224,500 | 78.2% |
| White Bear Beach | 3 | 1 | 200% | $375,000 | $399,900 | -6.2% |
| Falcon Heights | 22 | 11 | 100% | $332,700 | $270,000 | 23.2% |
| Shoreview | 81 | 103 | -21.4% | $295,000 | $268,500 | 9.9% |
| New Brighton | 71 | 62 | 14.5% | $287,000 | $248,300 | 15.6% |
| White Bear Township | 47 | 44 | 6.8% | $285,000 | $265,950 | 7.2% |
| Bellaire | 5 | 3 | 66.7% | $275,000 | $230,000 | 19.6% |
| Vadnais Heights | 59 | 44 | 34.1% | $265,000 | $254,500 | 4.1% |
| Mounds View | 43 | 31 | 38.7% | $260,500 | $195,900 | 33% |
| Roseville | 107 | 98 | 9.2% | $254,000 | $260,000 | -2.3% |
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