Why Live in Elm Grove
Elm Grove in New Hope is a neighborhood characterized by its single-family homes, featuring ranch-style and new traditional architecture. Homes here are smaller, averaging around 1,400 square feet, and are priced significantly below the Minneapolis metro area average. The community is balanced between homeowners and renters, with rental options available at complexes like Wingate Apartments. While not all streets have sidewalks, the area is enriched with several small parks, including Elm Grove Park, Iron Horse Park, Sunnyside Park, Forest Park, Little Acre Park, and Begin Park, ensuring that most residents have a park within a mile. The New Hope Ice Arena, a notable local feature, hosts hockey and skating events and offers lessons through the New Hope Skating School. For shopping and dining, the Crystal Shopping Center is just a mile away, featuring a mix of local and chain restaurants such as Tequila Town Authentic Mexican Cuisine and Jin’s Chow Mein, as well as grocery options like Target and Supermercado y Panaderia LomaBonita. Elm Grove is car-dependent, located 11 miles northwest of Minneapolis, with Metro Transit bus routes available but requiring transfers and over an hour of travel time to reach the city. The Minneapolis-Saint Paul International Airport is 23 miles away.
Home Trends in Elm Grove, MN
On average, homes in Elm Grove, New Hope sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in Elm Grove, New Hope over the last 12 months is $350,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$347,500
Average Price Per Sq Ft
$210
Number of Homes for Sale
1
Last 12 months Home Sales
5
Median List Price
$347,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%