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
Homes for sale in Lake Elmo
There are currently 44 homes listed for sale in Lake Elmo, Minnesota. The median listing price is $699K.
Active listings
44
Homes on market
Median list price
$699K
Avg. days on market
71
Days until sale
New this week
21
Newly listed
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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.
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