Lake Elmo, MN
Housing market overview · Updated weekly
$554,792median sale price
Homes sold
18
Last 12 weeks
Days on market
71
Average pace
Active listings
44
2.4 months supply
Sale-to-list
98.2%
Below asking
The Lake Elmo housing market is currently classified as a balanced market with a median sale price of $554,792. Prices have fallen 7.5% compared to last year, with homes spending an average of 71 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Explore nearby cities in MN
Frequently asked questions
What is the average home price in Lake Elmo?
The median home sale price in Lake Elmo is $554,792, down 7.5% from last year.
How long do homes stay on market in Lake Elmo?
Homes typically spend 71 days on market before going under contract.
Is Lake Elmo a buyer's or seller's market?
With 2.4 months of supply, Lake Elmo is currently a balanced market.
Get Lake Elmo market alerts
Weekly updates on prices, inventory, and trends. Free forever.