In April 2020, there were three homes sold, with a median sale price of $300,000 - a 31.6% decrease over the $438,500 median sale price for the same period of the previous year. There were seven homes sold in Lake Elmo in April 2019.
The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 1.3% of the median home sale price for April 2020.
The following table compares Lake Elmo to other Washington County cities with similar median sales prices in April 2020:
| City | Apr. 2020 Home Sales | Apr. 2019 Home Sales | % change (Total Home Sales) | Apr. 2020 Median Sales Price | Apr. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake St. Croix Beach | 1 | 0 | - | $440,000 | $0 | - |
| Stillwater | 19 | 42 | -54.8% | $414,900 | $341,200 | 21.6% |
| Woodbury | 58 | 90 | -35.6% | $372,000 | $320,000 | 16.3% |
| Scandia | 3 | 3 | 0% | $320,000 | $375,000 | -14.7% |
| Mahtomedi | 4 | 7 | -42.9% | $309,500 | $375,000 | -17.5% |
| Lake Elmo | 3 | 7 | -57.1% | $300,000 | $438,500 | -31.6% |
| Cottage Grove | 26 | 55 | -52.7% | $289,500 | $249,000 | 16.3% |
| Lakeland | 1 | 2 | -50% | $284,900 | $318,250 | -10.5% |
| Bayport | 5 | 3 | 66.7% | $269,500 | $235,000 | 14.7% |
| Oakdale | 26 | 32 | -18.8% | $258,250 | $222,500 | 16.1% |
| Oak Park Heights | 3 | 7 | -57.1% | $254,000 | $199,000 | 27.6% |
Alerts Sign-up