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Monday, September 30, 2024

First half of 2022: Home prices in North Oaks increased

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the first half of 2022 in North Oaks rose by $470,000 while total sales decreased by 14.8 percent, according to BlockShopper.com.

From January through June, there were 23 homes sold, with a median sale price of $1,100,000 - a 74.6 percent increase over the $630,000 median sale price for the same period of the previous year. There were 27 homes sold in North Oaks in the first half of 2021.

The median sales tax in North Oaks for the most recent year with available data, 2019, was $6,925, approximately 0.6 percent of the median home sale price for the first half of 2022.

The following table compares North Oaks to other Ramsey County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
North Oaks2327-14.8$1,100,000$630,00074.6
Arden Hills2838-26.3$457,500$380,00020.4
Falcon Heights1217-29.4$432,500$370,00016.9
Gem Lake21100$405,500$330,00022.9
Shoreview1161123.6$392,500$365,5507.4
White Bear Township4951-3.9$375,000$330,00013.6
Bellaire23-33.3$369,000$263,00040.3
New Brighton97100-3$360,000$316,00013.9
Vadnais Heights61568.9$350,000$280,50024.8
White Bear Lake12611311.5$335,000$305,0009.8
Mounds View594920.4$335,000$260,00028.8

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