Lake Elmo home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Lake Elmo rose by $212,500 while total sales decreased by 77.8%, according to BlockShopper.com.

In September 2020, there were two homes sold, with a median sale price of $762,500 - a 38.6% increase over the $550,000 median sale price for the same period of the previous year. There were nine homes sold in Lake Elmo in September 2019.

The median sales tax in Lake Elmo for the most recent year with available data, 2015, was $3,756, approximately 0.5% of the median home sale price for September 2020.

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

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Hastings23-33.3%$1,278,000$672,25090.1%
Lake Elmo29-77.8%$762,500$550,00038.6%
Bayport36-50%$678,000$397,50070.6%
Grant28-75%$627,250$552,50013.5%
Afton23-33.3%$525,000$496,0005.8%
Forest Lake1242-71.4%$391,750$278,00040.9%
Birchwood Village110-90%$390,000$385,0001.3%
Lakeland12-50%$370,000$314,00017.8%
Woodbury37124-70.2%$335,000$319,9004.7%
Newport27-71.4%$332,000$228,00045.6%
Mahtomedi611-45.5%$322,750$388,375-16.9%

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