Lake Elmo, MN Real Estate Market Summary – September 8, 2026
In Lake Elmo, MN, a total of 20 homes were sold in the last 30 days, averaging about 0.67 homes per day. The average living area for these homes was approximately 3,199 square feet, with an average sale price of $811,910.
| Metric | 30 Days |
|---|---|
| Number Sold | 20 |
| Sold Per Day | 1 every 1.50 days |
| Average SQFT | 3199 |
| Median Sales Price | $702,500 |
| Average Sales Price | $811,910 |
| Average Price Per SQFT | $252 |
| Average Days on Market | 16 |
| Average Year Built | 2007 |
Lake Elmo, MN Single Family Home Analysis
Nineteen single-family homes were sold in the past month, averaging 3,173 square feet in living area and selling for an average price of $823,858. Homes in this segment typically spent around 15 days on the market before selling.
| Metric | 30 Days |
|---|---|
| Number Sold | 19 |
| Sold Per Day | 1 every 1.58 days |
| Average SQFT | 3173 |
| Median Sales Price | $715,000 |
| Average Sales Price | $823,858 |
| Average Price Per SQFT | $257 |
| Average Days on Market | 15 |
| Average Year Built | 2007 |
Lake Elmo, MN Condo & Townhome Analysis
Only one condo or townhome was sold during this period, featuring a living area of 3,690 square feet and a sale price of $584,900. This particular listing had an average market duration of 22 days before it was closed.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 3690 |
| Median Sales Price | $584,900 |
| Average Sales Price | $584,900 |
| Average Price Per SQFT | $159 |
| Average Days on Market | 22 |
| Average Year Built | 1998 |
Buyer & Seller Analysis
- Homes sold at a pace of 1 every 1.50 days.
- The average home spent about 16 days on the market.
- The average sale price across all segments was $811,910.
- Condo sales were extremely limited, with only 1 unit sold.
Conclusion
Overall, Lake Elmo’s real estate market shows a steady activity in home sales, particularly in the single-family sector. The data reflects a consistent pace and quick turnover for available properties.