Sale prices by area / Mahtomedi
Mahtomedi: what homes actually sold for
Every sale below comes from the certificate of real estate value (eCRV) filed with the state when property changes hands. The median arm's-length price in 2026 was $473,500, up 46% from $325,000 in 2015.
Median price (2026)
$473,500
Sales in 2026
56
Investor/entity buyers
5%
Median sale price by year
| Year | Median | Middle half | Sales | Investor share |
|---|---|---|---|---|
| 2015 | $325,000 | $232,725 to $450,000 | 154 | 8.4% |
| 2016 | $286,150 | $209,750 to $392,750 | 144 | 6.9% |
| 2017 | $312,500 | $226,500 to $503,000 | 156 | 13.5% |
| 2018 | $330,000 | $255,357 to $469,950 | 175 | 8.6% |
| 2019 | $355,500 | $268,750 to $464,375 | 142 | 11.3% |
| 2020 | $380,000 | $316,750 to $472,200 | 163 | 9.8% |
| 2021 | $400,000 | $290,450 to $602,500 | 147 | 17.7% |
| 2022 | $392,500 | $316,225 to $553,750 | 130 | 13.1% |
| 2023 | $435,000 | $351,250 to $559,375 | 122 | 21.3% |
| 2024 | $450,000 | $350,000 to $645,000 | 105 | 8.6% |
| 2025 | $425,000 | $355,000 to $585,000 | 137 | 16.8% |
| 2026 | $473,500 | $396,250 to $664,500 | 56 | 5.4% |
Arm's-length sales only: gifts, related-party transfers, and sales flagged as non-market are excluded, as are prices under $3,000. Investor share counts sales where a buyer is an organization (LLC, trust, company) rather than an individual.
Largest sales in the last 12 months
| 115 East Ave | February 5, 2026 | $10,400,000 |
| 115 Wildwood Beach Rd. | October 24, 2025 | $3,000,000 |
| 939 Park Ave. | April 20, 2026 | $2,010,000 |
| 12 Forest Trl | April 2, 2026 | $1,350,000 |
| 411 Emerald Lane | June 16, 2026 | $1,200,000 |
| 148 Wildwood Court | January 6, 2026 | $1,100,000 |
| 230 Board Circle | March 19, 2026 | $1,057,500 |
| 140 Wildwood Court | July 31, 2025 | $1,002,000 |
Large transactions are often commercial or multi-parcel deals, not single homes.
Wondering how your own assessment compares to what homes really sell for? Check your address with the free assessment lookup, run the two-minute appeal checkup, and know this year's appeal deadlines.
Source: Minnesota Department of Revenue eCRV weekly sales extracts, October 2014 to present, updated weekly. Medians and shares are computed from arm's-length sales as described above.