Lake Elmo, MN Home Values & Market Trends
Real estate market trends reflect that there have been 392 transactions over the past year in Lake Elmo. The median value for residential home transactions that occurred over the previous year is $685,448. The number of current listings in Lake Elmo is 395, and the percentage of properties for sale in the city is 395.00%. Lake Elmo, MN currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 395 properties for sale.
Lake Elmo, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 55042 | $ 685,448 $ 297/sqft |
Housing Market Summary for Lake Elmo, MN
| 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 Lake Elmo, MN
Browse Homes in Lake Elmo, MN
Lake Elmo home values range from $198,990 to $3,500,000. The median estimated value of a home in Lake Elmo is $685,448. The median list price of a home is 694,950, and the total count of properties in the city is 508.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lake Elmo, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake Elmo, MN; of that zips, 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 Lake Elmo, MN ranges from the highest value of $625,143 in 55042 to the lowest value of $625,143 in 55042. Bank owned homes and properties account for 0.20% of properties in Lake Elmo, MN. There is 1 zips within Lake Elmo, MN; 55042 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions55042 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Elmo, MN. Auction homes and other auction properties account for 0.39% of all properties in Lake Elmo, MN. There is 1 zips within Lake Elmo, MN; of that zips, the median estimated home value for homes going to auction ranges from $565,000 in 55042 to the lowest value of $404,113 in 55042.
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More Real Estate Resources for Lake Elmo, MN
Guide for Lake Elmo, MN
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.
