In June 2021, there were five homes sold, with a median sale price of $550,000 - a 6.4% decrease over the $587,850 median sale price for the same period of the previous year. There were 10 homes sold in Lake Elmo in June 2020.
The median sales tax in Lake Elmo for the most recent year with available data, 2020, was $4,272, approximately 0.8% of the median home sale price for June 2021.
The following table compares Lake Elmo to other Washington County cities with similar median sale prices in June 2021:
| City | June 2021 Home Sales | June 2020 Home Sales | % change (Total Home Sales) | June 2021 Median Sales Price | June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Marys Point | 1 | 0 | - | $950,000 | $0 | - |
| Afton | 2 | 4 | -50% | $825,000 | $441,250 | 87% |
| Dellwood | 1 | 1 | 0% | $685,000 | $715,000 | -4.2% |
| Scandia | 5 | 5 | 0% | $635,000 | $353,000 | 79.9% |
| Lake Elmo | 5 | 10 | -50% | $550,000 | $587,850 | -6.4% |
| Stillwater | 36 | 32 | 12.5% | $462,500 | $368,500 | 25.5% |
| Hastings | 2 | 1 | 100% | $444,000 | $545,000 | -18.5% |
| Woodbury | 95 | 129 | -26.4% | $410,000 | $360,000 | 13.9% |
| Mahtomedi | 10 | 15 | -33.3% | $405,000 | $389,900 | 3.9% |
| Bayport | 4 | 2 | 100% | $382,150 | $250,500 | 52.6% |
| Forest Lake | 22 | 33 | -33.3% | $367,500 | $252,500 | 45.5% |
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