The median sale price of a home sold in May 2017 in Lake Elmo rose by $17,500 while total sales increased by 112.5%, according to BlockShopper.com.
In May 2017, there were 17 homes sold, with a median sale price of $360,000 – a 5.1% increase over the $342,500 median sale price for the same period of the previous year. There were eight homes sold in Lake Elmo in May 2016.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 1% of the median home sale price for May 2017.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grant | 7 | 9 | -22.2% | $515,000 | $399,750 | 28.8% |
| Afton | 7 | 6 | 16.7% | $430,000 | $340,250 | 26.4% |
| Bayport | 3 | 5 | -40% | $429,500 | $225,500 | 90.5% |
| Hastings | 5 | 9 | -44.4% | $425,000 | $23,907.50 | 1677.7% |
| Scandia | 2 | 6 | -66.7% | $422,000 | $305,250 | 38.2% |
| Lake Elmo | 17 | 8 | 112.5% | $360,000 | $342,500 | 5.1% |
| Stillwater | 62 | 53 | 17% | $311,000 | $301,500 | 3.2% |
| Mahtomedi | 11 | 11 | 0% | $289,000 | $256,000 | 12.9% |
| Woodbury | 167 | 147 | 13.6% | $280,000 | $286,000 | -2.1% |
| Forest Lake | 41 | 45 | -8.9% | $250,000 | $225,250 | 11% |
| Lakeland | 3 | 1 | 200% | $249,000 | $247,000 | 0.8% |
