From January through December of 2019, there were 82 homes sold, with a median sale price of $465,500 - a 3.2% decrease over the $480,656 median sale price for the previous year. There were 118 homes sold in Lake Elmo in 2018.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.8% of the median home sale price for 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dellwood | 16 | 15 | 6.7% | $725,000 | $568,000 | 27.6% |
| Grant | 57 | 52 | 9.6% | $560,000 | $489,500 | 14.4% |
| Hastings | 14 | 15 | -6.7% | $558,750 | $350,000 | 59.6% |
| Afton | 35 | 42 | -16.7% | $500,000 | $435,000 | 14.9% |
| Pine Springs | 3 | 7 | -57.1% | $476,750 | $451,500 | 5.6% |
| Lake Elmo | 82 | 118 | -30.5% | $465,500 | $480,655.50 | -3.2% |
| Mahtomedi | 114 | 157 | -27.4% | $366,500 | $330,000 | 11.1% |
| Birchwood Village | 25 | 15 | 66.7% | $363,974.99 | $315,000 | 15.5% |
| Scandia | 48 | 66 | -27.3% | $357,500 | $349,950 | 2.2% |
| Lakeland Shores | 9 | 3 | 200% | $345,000 | $345,000 | 0% |
| Stillwater | 472 | 515 | -8.3% | $325,000 | $335,000 | -3% |
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