From July through September of 2017, there were 30 homes sold, with a median sale price of $428,400 - a 5.8% increase over the $405,000 median sale price for the same period of the previous year. There were 27 homes sold in Lake Elmo in the third quarter of 2016.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.9% of the median home sale price for the third quarter of 2017.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Marys Point | 1 | 2 | -50% | $755,000 | $232,000 | 225.4% |
| Dellwood | 9 | 6 | 50% | $635,000 | $454,500 | 39.7% |
| Pine Springs | 1 | 3 | -66.7% | $500,000 | $495,000 | 1% |
| Afton | 7 | 11 | -36.4% | $472,000 | $486,000 | -2.9% |
| Hastings | 9 | 6 | 50% | $449,000 | $315,750 | 42.2% |
| Lake Elmo | 30 | 27 | 11.1% | $428,400 | $405,000 | 5.8% |
| Grant | 14 | 16 | -12.5% | $425,000 | $399,250 | 6.4% |
| Marine on St. Croix | 5 | 6 | -16.7% | $405,800 | $403,500 | 0.6% |
| Scandia | 20 | 8 | 150% | $387,500 | $471,000 | -17.7% |
| Stillwater | 140 | 150 | -6.7% | $332,500 | $299,500 | 11% |
| Mahtomedi | 30 | 43 | -30.2% | $330,250 | $285,000 | 15.9% |
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