Why Live in Lake Elmo
Lake Elmo, Minnesota, located just a few miles east of Saint Paul, blends rural charm with suburban convenience. Covering approximately 24 square miles, this city of around 13,000 residents features a diverse array of home styles, from historic farmhouses and early 20th-century bungalows to midcentury ranches and modern Prairie-style homes. Recent real estate developments have introduced townhomes and mini-mansions, catering to various budgets. The city is safer than the national average, with a low crime risk. Education is a highlight, with students attending highly rated schools such as Oak-Land Middle and Stillwater Area High, which offer unique programs like Nordic skiing and clay target shooting. For things to do, residents can explore the expansive Lake Elmo Park Preserve, which offers activities like archery, mountain biking, and kayaking, or visit the nearby Sunfish Lake Park with its scenic trails. The Royal Golf Club, voted “Minnesota’s Best” golf course in 2021, is also a local attraction. Downtown Lake Elmo features historic businesses like Hagberg’s country market and the Lake Elmo Inn, alongside newer establishments such as Sunshine Coffee Co. Despite its rural feel, Lake Elmo provides easy access to urban amenities via Route 36 and Interstate 94, with Saint Paul just a 20-minute drive away. However, the city faces challenges with water quality due to PFAS contamination, necessitating the blending of contaminated and clean water to meet demand.
Home Trends in Lake Elmo, MN
On average, homes in Lake Elmo, MN sell after 49 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Elmo, MN over the last 12 months is $594,000, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$594,000
Median Single Family Sale Price
$775,000
Median Townhouse Sale Price
$369,000
Average Price Per Sq Ft
$258
Number of Homes for Sale
26
Last 12 months Home Sales
134
Median List Price
$674,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%