In May 2019, there were six homes sold, with a median sale price of $478,750 - a 12.6% increase over the $425,000 median sale price for the same period of the previous year. There were nine homes sold in Lake Elmo in May 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 May 2019.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Birchwood Village | 3 | 0 | - | $610,000 | $0 | - |
| Grant | 4 | 6 | -33.3% | $567,500 | $515,450 | 10.1% |
| Afton | 4 | 4 | 0% | $555,200 | $507,500 | 9.4% |
| Lake Elmo | 6 | 9 | -33.3% | $478,750 | $425,000 | 12.6% |
| Scandia | 3 | 6 | -50% | $472,500 | $391,878 | 20.6% |
| Dellwood | 2 | 0 | - | $415,000 | $0 | - |
| Lakeland Shores | 2 | 0 | - | $362,500 | $0 | - |
| Mahtomedi | 14 | 21 | -33.3% | $351,950 | $332,000 | 6% |
| Forest Lake | 34 | 27 | 25.9% | $326,200 | $225,000 | 45% |
| Woodbury | 126 | 133 | -5.3% | $318,500 | $273,000 | 16.7% |
| Hastings | 1 | 2 | -50% | $300,000 | $364,500 | -17.7% |
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