From April through June of 2021, there were 25 homes sold, with a median sale price of $550,000 - a 18.9% increase over the $462,500 median sale price for the same period of the previous year. There were 24 homes sold in Lake Elmo in the second quarter of 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 the second quarter of 2021.
The following table compares Lake Elmo to other Washington County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeland Shores | 2 | 1 | 100% | $1,447,500 | $480,000 | 201.6% |
| Dellwood | 6 | 2 | 200% | $1,237,500 | $517,500 | 139.1% |
| St. Marys Point | 1 | 1 | 0% | $950,000 | $502,000 | 89.2% |
| Scandia | 11 | 12 | -8.3% | $606,000 | $352,150 | 72.1% |
| Afton | 8 | 9 | -11.1% | $597,500 | $560,000 | 6.7% |
| Lake Elmo | 25 | 24 | 4.2% | $550,000 | $462,500 | 18.9% |
| Birchwood Village | 4 | 1 | 300% | $530,000 | $307,000 | 72.6% |
| Grant | 14 | 12 | 16.7% | $502,000 | $660,000 | -23.9% |
| Marine on St. Croix | 3 | 3 | 0% | $490,000 | $420,000 | 16.7% |
| Hastings | 2 | 1 | 100% | $444,000 | $545,000 | -18.5% |
| Mahtomedi | 31 | 34 | -8.8% | $427,500 | $363,500 | 17.6% |
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