Lake Elmo Market Report

$950,248

AVERAGE PRICE OF 90 HOMES

$1,459,447

AVERAGE PRICE OF 33 MULTI-MILLION DOLLAR HOMES

$1,034,024

AVERAGE PRICE OF 39 NEWLY BUILT HOMES

$1,045,319

AVERAGE PRICE OF 26 HOMES WITH A POOL

$637,000

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $950,248
Avg Bedrooms 3.59 beds
Avg Bathrooms 3.33 baths

Average Price by Bedrooms

2 bedrooms $763,266
3 bedrooms $722,657
4 bedrooms $906,607
5 bedrooms $1,091,493
Lake Elmo Home Price Trends
  3/2025 2/2025 1/2025 12/2024 11/2024
Total Listings 70 69 66 71 84
Average Price $884,617 $881,931 $915,027 $875,468 $841,465
Avg Price Change +0.30% -3.75% +4.52% +4.04% +7.76%
Median Price $834,429 $789,187 $762,543 $732,415 $710,841
Med Price Change +5.73% +3.49% +4.11% +3.03% +6.53%
Avg Bedrooms 3.47 beds 3.41 beds 3.37 beds 3.27 beds 3.3 beds
Avg Bathrooms 3.14 baths 3.12 baths 3.15 baths 3.08 baths 3.11 baths
Total Homes Average Price Avg Days on Site
All Homes 90 $950,248 75 days
Multi-Million Dollar Homes 33 $1,459,447 84 days
Newly Built Homes 39 $1,034,024 66 days
Homes with a Pool 26 $1,045,319 56 days
Reduced Price Homes 2 $637,000 15 days
eXp Realty
Eric Alsides
Owner/Team Lead
Allsides Real Estate Team (MN/WI)
Cell: 612-231-9800
EricAlsides@Gmail.com

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 Edina Realty 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. Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated April 30, 2025
Based on information submitted to the MLS GRID as of April 30, 2025 9 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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