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Lake Elmo, MN Real Estate & Property Data

Lake Elmo Real Estate Market Trends

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Lake Elmo, MN 55042. ATTOM’s Lake Elmo real estate data is updated daily, and current market trends show that in Lake Elmo, MN a total of 248 residential properties have sold over the past year. With a median home price of $750,000 in Lake Elmo and a total of 1 foreclosures. Get detailed property data for Lake Elmo, MN instantly. ATTOM is your one-stop-shop for the Lake Elmo property reports and real estate data you need in Lake Elmo, MN.

Lake Elmo Real Estate Market Trends

Get property data for any address in Lake Elmo, MN or the country:

Total Residential Properties 5,612

Total Commercial Properties 382

Avg. Home Age (Single Family Home) 25 Years

Avg. Square Feet (Single Family Home) 2,211

Total 2025 Residential Sales (year-to-date) 95

% of Homes Seriously Underwater (Q3 2025) 1.12%

Total 2024 Residential Sales 238

% of Equity Rich Homes (Q3 2025) 26.58%

Effective 2024 Property Tax 0.88%

Total Foreclosure Filings (year-to-date) 3

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Lake Elmo, MN 55042 Real Estate Overview

There were 248 residential properties sold in the past year in Lake Elmo, MN 55042. The median home value in Lake Elmo, MN 55042 is $654,250. There are a total of 5,612 residential properties in the 55042.

Median Sales Price i

$750,000

(Jun 2025)

+10.3%

year-over-year

y-o-y

June '25 Jun '25 $750,000
May '25 May '25 $880,000
April '25 Apr '25 $636,400
March '25 Mar '25 $734,500
February '25 Feb '25 $630,000
January '25 Jan '25 $675,000
December '24 Dec '24 $567,000
November '24 Nov '24 $592,450
October '24 Oct '24 $689,942
September '24 Sep '24 $602,495
August '24 Aug '24 $634,445
July '24 Jul '24 $800,000

Median Down Payment i

$175,200

(Jun 2025)

-18.8%

year-over-year

y-o-y

June '25 Jun '25 $175,200
May '25 May '25 $217,500
April '25 Apr '25 $191,400
March '25 Mar '25 $171,750
February '25 Feb '25 $45,500
January '25 Jan '25 $283,000
December '24 Dec '24 $98,000
November '24 Nov '24 $82,500
October '24 Oct '24 $170,000
September '24 Sep '24 $200,000
August '24 Aug '24 $151,218
July '24 Jul '24 $196,250

Number of Homes Sold i

16

(Jun 2025)

-40.7%

year-over-year

y-o-y

June '25 Jun '25 16
May '25 May '25 15
April '25 Apr '25 20
March '25 Mar '25 17
February '25 Feb '25 15
January '25 Jan '25 12
December '24 Dec '24 18
November '24 Nov '24 17
October '24 Oct '24 22
September '24 Sep '24 28
August '24 Aug '24 21
July '24 Jul '24 20

Number of Purchase Loans i

10

(Jun 2025)

-41.2%

year-over-year

y-o-y

June '25 Jun '25 10
May '25 May '25 17
April '25 Apr '25 13
March '25 Mar '25 14
February '25 Feb '25 13
January '25 Jan '25 9
December '24 Dec '24 19
November '24 Nov '24 18
October '24 Oct '24 18
September '24 Sep '24 22
August '24 Aug '24 24
July '24 Jul '24 19

Number of REFI Loans i

11

(Jun 2025)

+175%

year-over-year

y-o-y

June '25 Jun '25 11
May '25 May '25 9
April '25 Apr '25 6
March '25 Mar '25 13
February '25 Feb '25 12
January '25 Jan '25 12
December '24 Dec '24 5
November '24 Nov '24 9
October '24 Oct '24 8
September '24 Sep '24 9
August '24 Aug '24 11
July '24 Jul '24 8

Number of HELOC Loans i

4

(Jun 2025)

-50%

year-over-year

y-o-y

June '25 Jun '25 4
May '25 May '25 14
April '25 Apr '25 12
March '25 Mar '25 10
February '25 Feb '25 8
January '25 Jan '25 14
December '24 Dec '24 10
November '24 Nov '24 6
October '24 Oct '24 10
September '24 Sep '24 7
August '24 Aug '24 15
July '24 Jul '24 8

Lake Elmo, MN 55042 Real Estate Market Overview

Last 30 days

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Lake Elmo, MN 55042 Foreclosure Activity

There were a total of 1 Lake Elmo, MN 55042 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

1

(Jun 2025)

June '25 Jun '25 1
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 1
October '24 Oct '24 1
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 2

Foreclosure Starts i

1

(Jun 2025)

June '25 Jun '25 1
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 1
October '24 Oct '24 1
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 2
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 1
August '24 Aug '24 1
July '24 Jul '24 N/A

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