55042 Home Values & Market Trends
There are 390 homes currently listed for 55042. 55042 real estate market trends show that home prices range from $170,000 to $3,500,000, and the median sales price in the 55042 zip code is $686,500. The total number of properties sold within the past twelve months is 380. In 55042, 3 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.
Housing Market Summary for 55042
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $699.9K | $699.9K | - |
| Median Sold Price | $650.5K | $635.2K | -2.34% |
| Homes For Sale | 251 | 379 | 51.00% |
| Homes Sold | 150 | 103 | -31.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 55042
Browse Homes in 55042
The median list price of a home in Lake Elmo, is $686,500. A total of 390 properties are for sale, and the percentage of properties for sale in the zip code is 390.00%. The total count of 55042 properties is 502.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 55042 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 55042; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 55042 ranges from the highest value of $625,143 in lake elmo to the lowest value of $625,143 in lake elmo. Bank owned homes and properties account for 0.20% of properties in 55042. There is 1 cities within 55042; lake elmo containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionslake elmo has 2 auction properties, the highest number of properties going to auction in a single city in the state of 55042. Auction homes and other auction properties account for 0.40% of all properties in 55042. There is 1 cities within 55042; of that cities, the median estimated home value for homes going to auction ranges from $565,000 in lake elmo to the lowest value of $541,611 in lake elmo.
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More Real Estate Resources for 55042
Guide for 55042
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
