Lake Elmo median home prices rose by 151.5% in April 2021

Medium realestate5

The median sale price of a home sold in April 2021 in Lake Elmo rose by $646,065 while total sales decreased by 33.3%, according to

In April 2021, there were four homes sold, with a median sale price of $1,072,500 - a 151.5% increase over the $426,435 median sale price for the same period of the previous year. There were six homes sold in Lake Elmo in April 2020.

The median sales tax in Lake Elmo for the most recent year with available data, 2020, was $4,272, approximately 0.4% of the median home sale price for April 2021.

The following table compares Lake Elmo to other Washington County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Lake Elmo46-33.3%$1,072,500$426,435151.5%
Birchwood Village31200%$600,000$307,00095.4%
Lakeland Shores110%$595,000$480,00024%
Marine on St. Croix12-50%$480,000$362,85032.3%

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