Sale prices by area / Lake Elmo
Lake Elmo: what homes actually sold for
Every sale below comes from the certificate of real estate value (eCRV) filed with the state when property changes hands. The median arm's-length price in 2026 was $604,950, up 64% from $367,900 in 2015.
Median price (2026)
$604,950
Sales in 2026
124
Investor/entity buyers
21%
Median sale price by year
| Year | Median | Middle half | Sales | Investor share |
|---|---|---|---|---|
| 2015 | $367,900 | $228,950 to $443,888 | 155 | 16.8% |
| 2016 | $362,167 | $206,653 to $444,999 | 352 | 23.0% |
| 2017 | $400,690 | $250,000 to $476,129 | 467 | 24.4% |
| 2018 | $439,089 | $300,000 to $546,750 | 470 | 20.8% |
| 2019 | $439,245 | $244,500 to $539,616 | 420 | 25.9% |
| 2020 | $464,785 | $302,000 to $550,000 | 537 | 19.0% |
| 2021 | $490,000 | $258,000 to $600,000 | 605 | 25.6% |
| 2022 | $575,000 | $400,841 to $719,954 | 386 | 17.6% |
| 2023 | $605,263 | $396,000 to $838,903 | 252 | 22.6% |
| 2024 | $655,221 | $449,500 to $854,548 | 291 | 18.6% |
| 2025 | $617,000 | $462,488 to $851,843 | 380 | 25.3% |
| 2026 | $604,950 | $422,500 to $811,250 | 124 | 21.0% |
Arm's-length sales only: gifts, related-party transfers, and sales flagged as non-market are excluded, as are prices under $3,000. Investor share counts sales where a buyer is an organization (LLC, trust, company) rather than an individual.
Largest sales in the last 12 months
| 11070 39TH Street | September 24, 2025 | $20,238,909 |
| 5900 Lake Elmo Avenue North | December 30, 2025 | $7,350,000 |
| 8650 Hudson Boulevard | December 18, 2025 | $6,055,800 |
| 140 Julia Avenue North | September 5, 2025 | $2,700,000 |
| 1820 Annika Drive North | December 11, 2025 | $2,150,000 |
| 5193 Keats Avenue North | October 30, 2025 | $1,750,000 |
| 9726 Whistling Valley Road | April 15, 2026 | $1,628,000 |
| 9485 Whistling Valley Trail | December 10, 2025 | $1,600,000 |
Large transactions are often commercial or multi-parcel deals, not single homes.
Wondering how your own assessment compares to what homes really sell for? Check your address with the free assessment lookup, run the two-minute appeal checkup, and know this year's appeal deadlines.
Source: Minnesota Department of Revenue eCRV weekly sales extracts, October 2014 to present, updated weekly. Medians and shares are computed from arm's-length sales as described above.