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Lake Elmo Market Report

$891,300

AVERAGE PRICE OF 68 HOMES

$1,745,102

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$827,175

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$970,510

AVERAGE PRICE OF 15 HOMES WITH A POOL

$873,798

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $891,300
Avg Bedrooms 3.32 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

2 bedrooms $962,065
3 bedrooms $631,110
4 bedrooms $955,644
5 bedrooms $994,651
Lake Elmo Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 66 71 84 104 99
Average Price $915,027 $875,468 $841,465 $780,899 $788,448
Avg Price Change +4.52% +4.04% +7.76% -0.97% -3.28%
Median Price $762,543 $732,415 $710,841 $667,250 $667,968
Med Price Change +4.11% +3.03% +6.53% -0.11% -7.70%
Avg Bedrooms 3.37 beds 3.27 beds 3.3 beds 3.22 beds 3.13 beds
Avg Bathrooms 3.15 baths 3.08 baths 3.11 baths 3 baths 2.96 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 68 $891,300 101 days
Multi-Million Dollar Homes 15 $1,745,102 179 days
Newly Built Homes 30 $827,175 55 days
Homes with a Pool 15 $970,510 99 days
Reduced Price Homes 4 $873,798 27 days
RE/MAX Results
Mimi Schoneman
604 Bielenberg Drive
Woodbury, MN 55125
651-226-2560
651-578-2218
MN License # 205932-61
WI License # 71386-094

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than RE/MAX Results are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Copyright2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated February 15, 2025
Based on information submitted to the MLS GRID as of February 15, 2025 1 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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