From January through June of 2019, there were 40 homes sold, with a median sale price of $444,250 - a 8.9% decrease over the $487,500 median sale price for the same period of the previous year. There were 50 homes sold in Lake Elmo in the first 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 first half of 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Marys Point | 1 | 0 | - | $1,520,000 | $0 | - |
| Dellwood | 8 | 4 | 100% | $887,500 | $532,250 | 66.7% |
| Grant | 25 | 19 | 31.6% | $700,000 | $540,000 | 29.6% |
| Hastings | 4 | 8 | -50% | $522,500 | $364,500 | 43.3% |
| Afton | 21 | 16 | 31.3% | $500,000 | $530,000 | -5.7% |
| Lake Elmo | 40 | 50 | -20% | $444,250 | $487,500 | -8.9% |
| Birchwood Village | 6 | 7 | -14.3% | $382,737.50 | $315,000 | 21.5% |
| Scandia | 22 | 28 | -21.4% | $372,450 | $389,000 | -4.3% |
| Pine Springs | 1 | 2 | -50% | $370,000 | $388,031.50 | -4.6% |
| Lakeland Shores | 7 | 0 | - | $345,000 | $0 | - |
| Mahtomedi | 61 | 79 | -22.8% | $335,500 | $324,450 | 3.4% |
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