In December 2021, there were nine homes sold, with a median sale price of $580,000 - a 29.6% increase over the $447,500 median sale price for the same period of the previous year. There were four homes sold in Lake Elmo in December 2020.
The median sales tax in Lake Elmo for the most recent year with available data, 2020, was $4,272, approximately 0.7% of the median home sale price for December 2021.
The following table compares Lake Elmo to other Washington County cities with similar median sale prices in December 2021:
| City | Dec. 2021 Home Sales | Dec. 2020 Home Sales | % change (Total Home Sales) | Dec. 2021 Median Sales Price | Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hastings | 1 | 0 | - | $720,000 | $0 | - |
| Grant | 2 | 1 | 100% | $655,000 | $425,000 | 54.1% |
| Lake Elmo | 9 | 4 | 125% | $580,000 | $447,500 | 29.6% |
| Dellwood | 3 | 0 | - | $468,000 | $0 | - |
| Scandia | 1 | 2 | -50% | $430,000 | $295,000 | 45.8% |
| Mahtomedi | 9 | 4 | 125% | $425,000 | $555,500 | -23.5% |
| Woodbury | 77 | 61 | 26.2% | $375,000 | $364,000 | 3% |
| Stillwater | 29 | 12 | 141.7% | $369,000 | $330,500 | 11.6% |
| Cottage Grove | 24 | 34 | -29.4% | $342,500 | $315,000 | 8.7% |
| Oakdale | 25 | 23 | 8.7% | $300,000 | $239,500 | 25.3% |
| Lake St. Croix Beach | 3 | 0 | - | $300,000 | $0 | - |
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