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Lake Elmo, MN Real Estate & Property Data

Last Updated: April 22, 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 244 residential properties have sold over the past year. With a median home price of $630,000 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.

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Total Residential Properties 5,457

Total Commercial Properties 166

Avg. Home Age (Single Family Home) 27 Years

Avg. Square Feet (Single Family Home) 2,250

Total 2025 Residential Sales (year-to-date) 26

% of Homes Seriously Underwater (Q2 2025) 1.07%

Total 2024 Residential Sales 235

% of Equity Rich Homes (Q2 2025) 23.51%

Effective 2024 Property Tax 0.97%

Total Foreclosure Filings (year-to-date) 1

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Lake Elmo, MN 55042 Real Estate Overview

There were 244 residential properties sold in the past year in Lake Elmo, MN 55042. The median home value in Lake Elmo, MN 55042 is $617,750. There are a total of 5,457 residential properties in the 55042.

Median Sales Price i

$630,000

(Feb 2025)

+9.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $630,000
January '25 Jan '25 $750,000
December '24 Dec '24 $590,000
November '24 Nov '24 $599,900
October '24 Oct '24 $689,942
September '24 Sep '24 $602,495
August '24 Aug '24 $725,000
July '24 Jul '24 $800,000
June '24 Jun '24 $732,500
May '24 May '24 $768,750
April '24 Apr '24 $642,500
March '24 Mar '24 $865,970

Median Down Payment i

$45,500

(Feb 2025)

-74.1%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $45,500
January '25 Jan '25 $416,000
December '24 Dec '24 $113,400
November '24 Nov '24 $96,250
October '24 Oct '24 $170,000
September '24 Sep '24 $200,000
August '24 Aug '24 $217,500
July '24 Jul '24 $196,250
June '24 Jun '24 $231,309
May '24 May '24 $169,250
April '24 Apr '24 $151,845
March '24 Mar '24 $205,115

Number of Homes Sold i

(Feb 2025)

+50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 15
January '25 Jan '25 11
December '24 Dec '24 19
November '24 Nov '24 17
October '24 Oct '24 21
September '24 Sep '24 27
August '24 Aug '24 20
July '24 Jul '24 22
June '24 Jun '24 26
May '24 May '24 26
April '24 Apr '24 17
March '24 Mar '24 13

Number of Purchase Loans i

(Feb 2025)

-20%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 12
January '25 Jan '25 7
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
June '24 Jun '24 17
May '24 May '24 17
April '24 Apr '24 22
March '24 Mar '24 13

Number of REFI Loans i

(Feb 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 10
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
June '24 Jun '24 4
May '24 May '24 9
April '24 Apr '24 6
March '24 Mar '24 7

Number of HELOC Loans i

(Feb 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

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 14
July '24 Jul '24 8
June '24 Jun '24 8
May '24 May '24 9
April '24 Apr '24 9
March '24 Mar '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 February 2025. Lenders started the foreclosure process on 1 Lake Elmo, MN 55042 properties and repossessed 2 Lake Elmo, MN 55042 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i

(Feb 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years