In November 2018, there were 12 homes sold, with a median sale price of $407,250 - a 8.4% decrease over the $444,700 median sale price for the same period of the previous year. There were four homes sold in Lake Elmo in November 2017.
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 November 2018.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in November 2018:
| City | Nov. 2018 Home Sales | Nov. 2017 Home Sales | % change (Total Home Sales) | Nov. 2018 Median Sales Price | Nov. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dellwood | 4 | 0 | - | $775,000 | $0 | - |
| Scandia | 3 | 1 | 200% | $484,000 | $287,000 | 68.6% |
| Afton | 4 | 2 | 100% | $430,000 | $454,500 | -5.4% |
| Lake Elmo | 12 | 4 | 200% | $407,250 | $444,700 | -8.4% |
| Stillwater | 46 | 40 | 15% | $361,000 | $302,500 | 19.3% |
| Grant | 3 | 6 | -50% | $345,000 | $507,000 | -32% |
| Mahtomedi | 13 | 7 | 85.7% | $345,000 | $295,000 | 16.9% |
| Bayport | 5 | 5 | 0% | $340,000 | $279,900 | 21.5% |
| Hastings | 2 | 1 | 100% | $337,500 | $415,000 | -18.7% |
| Birchwood Village | 2 | 0 | - | $310,000 | $0 | - |
| Woodbury | 122 | 85 | 43.5% | $281,500 | $273,000 | 3.1% |
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