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In January 2020, there were six homes sold, with a median sale price of $437,250 - a 7.3% increase over the $407,500 median sale price for the same period of the previous year. There were four homes sold in Lake Elmo in January 2019.
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 January 2020.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dellwood | 1 | 1 | 0% | $2,700,000 | $1,075,000 | 151.2% |
| Afton | 3 | 1 | 200% | $625,000 | $321,742 | 94.3% |
| Scandia | 2 | 2 | 0% | $466,500 | $367,500 | 26.9% |
| Lake Elmo | 6 | 4 | 50% | $437,250 | $407,500 | 7.3% |
| Mahtomedi | 3 | 8 | -62.5% | $380,000 | $341,500 | 11.3% |
| St. Marys Point | 1 | 0 | - | $332,000 | $0 | - |
| Woodbury | 38 | 54 | -29.6% | $320,625 | $256,950 | 24.8% |
| Birchwood Village | 1 | 0 | - | $296,000 | $0 | - |
| Stillwater | 24 | 32 | -25% | $280,899 | $303,000 | -7.3% |
| Hugo | 9 | 15 | -40% | $275,000 | $210,000 | 31% |
| Cottage Grove | 17 | 32 | -46.9% | $268,000 | $227,250 | 17.9% |
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