In March 2019, there were seven homes sold, with a median sale price of $450,000 - a 36.6% decrease over the $710,000 median sale price for the same period of the previous year. There were seven homes sold in Lake Elmo in March 2018, as well.
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 March 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in March 2019:
| City | Mar. 2019 Home Sales | Mar. 2018 Home Sales | % change (Total Home Sales) | Mar. 2019 Median Sales Price | Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dellwood | 2 | 0 | - | $1,787,500 | $0 | - |
| Grant | 2 | 1 | 100% | $684,262.50 | $1,250,000 | -45.3% |
| Lakeland Shores | 1 | 0 | - | $455,500 | $0 | - |
| Lake Elmo | 7 | 7 | 0% | $450,000 | $710,000 | -36.6% |
| Bayport | 3 | 2 | 50% | $410,000 | $330,000 | 24.2% |
| Mahtomedi | 8 | 5 | 60% | $310,500 | $282,000 | 10.1% |
| Marine on St. Croix | 2 | 0 | - | $300,000 | $0 | - |
| Stillwater | 30 | 30 | 0% | $297,350 | $380,000 | -21.8% |
| Scandia | 8 | 7 | 14.3% | $296,907.50 | $452,000 | -34.3% |
| Woodbury | 68 | 82 | -17.1% | $290,750 | $272,500 | 6.7% |
| Forest Lake | 15 | 11 | 36.4% | $270,000 | $261,000 | 3.4% |
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