From October through December of 2017, there were 21 homes sold, with a median sale price of $382,500 - a 1.3% decrease over the $387,450 median sale price for the same period of the previous year. There were 16 homes sold in Lake Elmo in the fourth quarter of 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 the fourth quarter of 2017.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grant | 10 | 9 | 11.1% | $537,500 | $365,000 | 47.3% |
| Afton | 6 | 4 | 50% | $470,000 | $578,000 | -18.7% |
| Hastings | 6 | 3 | 100% | $417,500 | $400,000 | 4.4% |
| Dellwood | 2 | 4 | -50% | $398,500 | $360,000 | 10.7% |
| Lake Elmo | 21 | 16 | 31.3% | $382,500 | $387,450 | -1.3% |
| Lakeland | 15 | 6 | 150% | $345,000 | $238,500 | 44.7% |
| Pine Springs | 2 | 1 | 100% | $334,250 | $350,000 | -4.5% |
| Bayport | 8 | 7 | 14.3% | $319,450 | $242,500 | 31.7% |
| Scandia | 7 | 9 | -22.2% | $316,000 | $285,000 | 10.9% |
| Stillwater | 95 | 109 | -12.8% | $307,500 | $280,000 | 9.8% |
| Birchwood Village | 3 | 3 | 0% | $300,000 | $240,000 | 25% |
Alerts Sign-up