Lake Elmo home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Lake Elmo rose by $29,750 while total sales increased by 50%, according to BlockShopper.com.

In January 2020, there were six homes sold, with a median sale price of $437,250 - a 7.3% increase over the $407,500 median sale price for the same period of the previous year. There were four homes sold in Lake Elmo in January 2019.

The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.9% of the median home sale price for January 2020.

The following table compares Lake Elmo to other Washington County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Dellwood
1
1
0%
$2,700,000
$1,075,000
151.2%
Afton
3
1
200%
$625,000
$321,742
94.3%
Scandia
2
2
0%
$466,500
$367,500
26.9%
Lake Elmo
6
4
50%
$437,250
$407,500
7.3%
Mahtomedi
3
8
-62.5%
$380,000
$341,500
11.3%
St. Marys Point
1
0
-
$332,000
$0
-
Woodbury
38
54
-29.6%
$320,625
$256,950
24.8%
Birchwood Village
1
0
-
$296,000
$0
-
Stillwater
24
32
-25%
$280,899
$303,000
-7.3%
Hugo
9
15
-40%
$275,000
$210,000
31%
Cottage Grove
17
32
-46.9%
$268,000
$227,250
17.9%

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