Lake Elmo, MN
City market trends and history
Public Record
Median Sale Price
$746.8K
12-Month Sales
36
-26.3%
1-Year Appreciation
-26.3%
Properties Tracked
2,654
Median Sale Price History
Top Neighborhoods
| Name | Median |
|---|
Top Neighborhoods by Activity
| Neighborhood | Sales 12mo | Median |
|---|
Top ZIP Codes
| ZIP | Sales 12mo | Median |
|---|
Recent Sales
| Date | Address | Price |
|---|---|---|
| May 1, 2026 | 1389 PALMER DR N | $1.53M |
| Apr 23, 2026 | Palmer Dr N | $935K |
| Apr 23, 2026 | 1456 PALMER DR N | $935K |
| Apr 23, 2026 | Ironwood Trl N | $431.9K |
| Apr 13, 2026 | 4th St N | $408K |
| Apr 10, 2026 | Lilac Avenue Alcove N | $550K |
| Apr 1, 2026 | 33rd St N | $515K |
| Mar 18, 2026 | Upper 30th St N | $580K |
| Mar 11, 2026 | Wildflower Dr N | $800K |
| Feb 27, 2026 | Kokanee Ln N | $206K |
| Jan 20, 2026 | 38th Trl N | $1.99M |
| Jan 20, 2026 | 38th Trl N | $1.99M |
| Dec 29, 2025 | Latrobe Ln N | $433.5K |
| Dec 11, 2025 | 4th Street Ln N | $315K |
| Nov 24, 2025 | Jonquil Trl N | $925K |
| Oct 22, 2025 | Jonquil Trl N | $925K |
| Oct 10, 2025 | Blazingstar Ln | $853.7K |
| Sep 22, 2025 | 173 JUNCO RD N | $449.9K |
| Aug 22, 2025 | 38th Trl N | $970K |
| Aug 21, 2025 | 8799 IRVING BLVD N | $577.5K |
4-Quarter Forecast
Linear projection from past trendQuarterly trend
+3.9%
Implied 1-yr
+15.7%
2026 Q3
$947.2K
2026 Q4
$976.8K
Median Price — History + Forecast
Property type mix
Share by property type
Year-built distribution
Properties by build era
Map
Recent top sales — most expensive
| Address | Sale date | Sale price |
|---|---|---|
| 34th St N | Dec 6, 2021 | $10,660,000 |
| Whistling Valley Rd | Oct 12, 2021 | $2,000,000 |
| Palmer Dr N | Aug 30, 2024 | $1,810,000 |
| Linden Ct N | Jan 3, 2020 | $1,799,900 |
| Jonquil Trl N | Dec 19, 2022 | $1,775,000 |
| 56th Pl N | May 2, 2024 | $1,700,000 |
| Whistling Valley Rd | Jan 6, 2023 | $1,650,000 |
| Kings Ct N | Jul 2, 2024 | $1,602,767 |
| Kings Ct N | Jan 30, 2024 | $1,602,767 |
| Kings Ct N | Jan 30, 2024 | $1,602,767 |
How Lake Elmo compares
| Metric | Lake Elmo | Minnesota avg | US avg |
|---|---|---|---|
| Median price | $746.8K | $404.7K | $535.4K |
| 1-year change | -26.3% | -0.7% | -5.4% |
| Sales (12mo) | 36 | 7,149 | — |
| Median sqft | — | — | — |
Other cities in Minnesota
How Lake Elmo ranks in Minnesota
1-year appreciation
#269 of 943
Median price
#23 of 943
Frequently asked about Lake Elmo
What is the median sale price in Lake Elmo, MN?
The median sale price in Lake Elmo over the last 12 months is $746.8K, based on 36 transactions.
How fast are home prices appreciating in Lake Elmo?
Lake Elmo home prices have changed -26.3% year-over-year on a median basis.
How many sales happen each year in Lake Elmo?
Roughly 36 home sales were recorded in Lake Elmo over the trailing 12 months.
What types of properties are most common in Lake Elmo?
single_family is the most common property type tracked in Lake Elmo.
When were most homes in Lake Elmo built?
Most homes in Lake Elmo were built in the 2010-2019 era.