In November 2019, there were five homes sold, with a median sale price of $606,000 - a 48.8% increase over the $407,250 median sale price for the same period of the previous year. There were 12 homes sold in Lake Elmo in November 2018.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.6% of the median home sale price for November 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hastings | 1 | 2 | -50% | $3,900,000 | $337,500 | 1055.6% |
| Dellwood | 2 | 4 | -50% | $749,500 | $775,000 | -3.3% |
| Lake Elmo | 5 | 12 | -58.3% | $606,000 | $407,250 | 48.8% |
| Grant | 4 | 3 | 33.3% | $562,500 | $345,000 | 63% |
| Stillwater | 29 | 46 | -37% | $405,700 | $361,000 | 12.4% |
| Scandia | 4 | 3 | 33.3% | $370,750 | $484,000 | -23.4% |
| Birchwood Village | 1 | 2 | -50% | $360,000 | $310,000 | 16.1% |
| Mahtomedi | 10 | 13 | -23.1% | $354,450 | $345,000 | 2.7% |
| Lake St. Croix Beach | 1 | 2 | -50% | $325,000 | $160,640 | 102.3% |
| Woodbury | 72 | 122 | -41% | $312,500 | $281,500 | 11% |
| Newport | 1 | 10 | -90% | $300,000 | $208,850 | 43.6% |
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