From January through June of 2017, there were 48 homes sold, with a median sale price of $385,500 - a 7.1% decrease over the $415,000 median sale price for the same period of the previous year. There were 61 homes sold in Lake Elmo in the first half 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 first half of 2017.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in the first half of 2017:
| City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dellwood | 9 | 9 | 0% | $650,000 | $532,000 | 22.2% |
| Grant | 21 | 30 | -30% | $515,000 | $395,125 | 30.3% |
| Birchwood Village | 8 | 6 | 33.3% | $495,000 | $283,500 | 74.6% |
| Hastings | 13 | 16 | -18.8% | $436,500 | $89,453.75 | 388% |
| Afton | 20 | 25 | -20% | $430,500 | $425,000 | 1.3% |
| Lake Elmo | 48 | 61 | -21.3% | $385,500 | $415,000 | -7.1% |
| Pine Springs | 3 | 2 | 50% | $380,000 | $390,250 | -2.6% |
| Stillwater | 222 | 238 | -6.7% | $302,000 | $315,000 | -4.1% |
| Scandia | 16 | 27 | -40.7% | $293,700 | $307,500 | -4.5% |
| Bayport | 18 | 22 | -18.2% | $286,250 | $198,646.50 | 44.1% |
| Mahtomedi | 63 | 63 | 0% | $285,000 | $275,000 | 3.6% |
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