From July through December of 2019, there were 42 homes sold, with a median sale price of $481,074 - a 0.1% increase over the $480,656 median sale price for the same period of the previous year. There were 68 homes sold in Lake Elmo in the second half of 2018.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.8% of the median home sale price for the second half of 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in the second half of 2019:
| City | July - Dec. 2019 Home Sales | July - Dec. 2018 Home Sales | % change (Total Home Sales) | July - Dec. 2019 Median Sales Price | July - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hastings | 10 | 7 | 42.9% | $573,750 | $350,000 | 63.9% |
| Marine on St. Croix | 7 | 9 | -22.2% | $550,000 | $499,000 | 10.2% |
| Grant | 32 | 33 | -3% | $536,250 | $489,000 | 9.7% |
| Pine Springs | 2 | 5 | -60% | $508,375 | $475,000 | 7% |
| Afton | 14 | 26 | -46.2% | $501,000 | $422,500 | 18.6% |
| Lake Elmo | 42 | 68 | -38.2% | $481,074 | $480,655.50 | 0.1% |
| Lakeland Shores | 2 | 3 | -33.3% | $380,000 | $345,000 | 10.1% |
| Mahtomedi | 53 | 78 | -32.1% | $380,000 | $335,000 | 13.4% |
| Birchwood Village | 19 | 8 | 137.5% | $360,000 | $319,500 | 12.7% |
| Scandia | 26 | 38 | -31.6% | $350,000 | $297,500 | 17.6% |
| Stillwater | 240 | 301 | -20.3% | $342,500 | $345,000 | -0.7% |
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