In September 2021, there were eight homes sold, with a median sale price of $493,750 - a 27.4% decrease over the $680,000 median sale price for the same period of the previous year. There were six homes sold in Lake Elmo in September 2020.
The median sales tax in Lake Elmo for the most recent year with available data, 2020, was $4,272, approximately 0.9% of the median home sale price for September 2021.
The following table compares Lake Elmo to other Washington County cities with similar median sale prices in September 2021:
| City | Sept. 2021 Home Sales | Sept. 2020 Home Sales | % change (Total Home Sales) | Sept. 2021 Median Sales Price | Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grant | 5 | 4 | 25% | $645,000 | $746,000 | -13.5% |
| Afton | 5 | 4 | 25% | $575,000 | $712,500 | -19.3% |
| Scandia | 5 | 0 | - | $550,000 | $0 | - |
| Stillwater | 34 | 22 | 54.5% | $540,000 | $338,500 | 59.5% |
| Lake Elmo | 8 | 6 | 33.3% | $493,750 | $680,000 | -27.4% |
| Mahtomedi | 7 | 8 | -12.5% | $430,000 | $322,750 | 33.2% |
| St. Marys Point | 1 | 0 | - | $415,000 | $0 | - |
| Lake St. Croix Beach | 2 | 1 | 100% | $392,500 | $175,000 | 124.3% |
| Woodbury | 96 | 80 | 20% | $387,463.36 | $341,000 | 13.6% |
| Lakeland | 1 | 1 | 0% | $371,500 | $370,000 | 0.4% |
| Birchwood Village | 2 | 1 | 100% | $368,500 | $390,000 | -5.5% |
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