In November 2020, there were three homes sold, with a median sale price of $586,400 - a 3.2% decrease over the $606,000 median sale price for the same period of the previous year. There were five homes sold in Lake Elmo in November 2019.
The median sales tax in Lake Elmo for 2020 was $4,272. In 2019, the median sales tax was $4,225. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Elmo | 3 | 5 | -40% | $586,400 | $606,000 | -3.2% |
| Grant | 3 | 4 | -25% | $480,000 | $562,500 | -14.7% |
| Scandia | 3 | 4 | -25% | $425,000 | $370,750 | 14.6% |
| Afton | 1 | 0 | - | $366,000 | $0 | - |
| Stillwater | 10 | 29 | -65.5% | $313,750 | $405,700 | -22.7% |
| Forest Lake | 6 | 17 | -64.7% | $297,250 | $257,000 | 15.7% |
| Mahtomedi | 2 | 10 | -80% | $296,500 | $354,450 | -16.3% |
| Woodbury | 42 | 72 | -41.7% | $286,325 | $312,500 | -8.4% |
| Cottage Grove | 20 | 36 | -44.4% | $276,500 | $260,000 | 6.3% |
| Newport | 2 | 1 | 100% | $276,250 | $300,000 | -7.9% |
| Willernie | 1 | 0 | - | $273,301 | $0 | - |
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