This Lake Elmo, MN Market Report shows active, pending, and sold listings from the MLS, along with price trends and days on market. Lake Elmo is a Washington County community between Stillwater and Woodbury, with a mix of older rural character and newer neighborhoods. For questions about this market or a specific listing, contact Sarah Jenkins Real Estate.
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Market report, updated
Market Report
Condo, Highrise, Manufactured Home, Multifamily, Single Family Residential, Townhome search in the city of Lake Elmo
Report prepared by
Sarahjenkins.com
Market at a glance
Over the last 2 months, homes sold for 99.6% of list price in 78 days on average.
Average price, last 12 months
What sellers asked vs. what homes actually sold for, by closing month.
List · $808K
Sold · $863K
$870K$760K$650K$540K
NovDecJanFebMarAprMayJunJulAugSepOct
Homes sold per month
Closed sales, last 12 months.
Sold tab (last 2 months)
Earlier
Peak: 31 sales in Jul. Last month: 22.
Where the market stands
All homes in this report, by status.
121homes
Buyer's or seller's market?
Months it would take to sell every active home at the pace of the last 6 months.
2.7months of inventory
Seller's, under 4BalancedBuyer's, over 6
Homes are selling quickly, which favors sellers in this market.
Average price by status
Average days on market
Browse homes by status
Choose a status to see its numbers, charts and listings.
Active homes
Currently for sale
Homes for sale
64
Average list price
$703,000
Avg. days on market
65 days
Avg. price per ft²
$236
Based on 63 of 64 homes
Avg. living area
2,935 ft²
Based on 63 of 64 homes
Avg. beds / baths
3.7 / 3.2
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
1 home didn’t report living area and isn’t shown.
1 home is larger or pricier than this chart’s scale and isn’t shown.
How long homes have been listed
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 7 homes in this status.
1353 Palmer Drive N$467
9745 Whistling Valley Road$369
10926 37th Street N$360
5736 57th Street Cove N$324
11404 Kings Court N$320
10948 Lower 37th St Court N$318
3476 Knightsbridge Trail N$312
All active listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | List price | $ / ft² | Days on market |
|---|---|---|---|---|---|---|
| 10954 37th Street NLake Elmo, MN 55042 | 4 | 3 | 2,299 | $606,438 | $263 | 3 days |
| 3452 Knightsbridge Trail NLake Elmo, MN 55042 | 4 | 3 | 2,505 | $597,065 | $238 | 4 days |
| 8785 Island Trail Echo N Unit ELake Elmo, MN 55042 | 3 | 3 | 2,080 | $399,990 | $192 | 4 days |
| 8785 Island Trail Echo N Unit ALake Elmo, MN 55042 | 3 | 3 | 2,194 | $434,990 | $198 | 4 days |
| 8785 Island Trail Echo N Unit DLake Elmo, MN 55042 | 3 | 3 | 1,898 | $388,990 | $204 | 4 days |
| 8785 Island Trail Echo N Unit BLake Elmo, MN 55042 | 3 | 3 | 1,898 | $388,990 | $204 | 4 days |
| 8785 Island Trail Echo N Unit CLake Elmo, MN 55042 | 3 | 3 | 2,080 | $399,990 | $192 | 4 days |
| 11433 Wildflower Drive NLake Elmo, MN 55042 | 4 | 3 | 3,076 | $765,000 | $248 | 5 days |
| 9029 Jade Circle NLake Elmo, MN 55042 | 3 | 3 | 3,186 | $595,000 | $186 | 6 days |
| 9379 Jane Circle NLake Elmo, MN 55042 | 4 | 2 | 2,223 | $455,000 | $204 | 7 days |
Under contract homes
Pending and contingent sales
Homes under contract
20
Average list price
$753,181
Avg. days on market
54 days
Avg. price per ft²
$243
Avg. living area
3,098 ft²
Avg. beds / baths
3.5 / 3.2
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
Days on market before going under contract
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 7 homes in this status.
1825 Annika Drive N$344
3570 Knightsbridge Trail N$308
4990 Jamaca Avenue N$295
11336 Masters Street N$290
3299 Linden Avenue Court N$271
975 Jewel Avenue N$266
8789 Upper 7th Place$264
All under contract listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | List price | $ / ft² | Days on market |
|---|---|---|---|---|---|---|
| 11400 Masters Street NLake Elmo, MN 55042 | 5 | 5 | 5,196 | $950,000 | $182 | 13 days |
| 3570 Knightsbridge Trail NLake Elmo, MN 55042 | 4 | 3 | 2,903 | $895,000 | $308 | 14 days |
| 3700 Knightsbridge Lane NLake Elmo, MN 55042 | 4 | 5 | 4,019 | $989,853 | $246 | 17 days |
| 4990 Jamaca Avenue NLake Elmo, MN 55042 | 3 | 2 | 2,033 | $599,900 | $295 | 21 days |
| 9051 Jane Road NLake Elmo, MN 55042 | 3 | 3 | 2,960 | $749,900 | $253 | 27 days |
| 1825 Annika Drive NLake Elmo, MN 55042 | 3 | 3 | 3,188 | $1,099,000 | $344 | 31 days |
| 975 Jewel Avenue NLake Elmo, MN 55042 | 3 | 3 | 3,506 | $935,000 | $266 | 42 days |
| 9799 5th Street Lane NLake Elmo, MN 55042 | 3 | 3 | 1,911 | $360,000 | $188 | 42 days |
| 808 June Avenue NLake Elmo, MN 55042 | 3 | 3 | 3,067 | $675,000 | $220 | 43 days |
| 11360 Masters Street NLake Elmo, MN 55042 | 3 | 3 | 3,386 | $864,225 | $255 | 48 days |
Sold homes
Closed in the last 2 months
Homes sold
37
Average sold price
$813,337
Avg. days to sell
78 days
Based on 34 of 37 homes
Sold vs. list price
99.6%
Based on 34 of 37 homes
Avg. price per ft²
$257
Based on 34 of 37 homes
Avg. living area
3,224 ft²
Based on 34 of 37 homes
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
3 homes didn’t report living area and aren’t shown.
How long homes took to sell
Number of homes by days on market.
3 homes didn’t report days on market and aren’t shown.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 7 homes in this status.
5719 57th Place N$437
1910 Annika Drive N$401
11322 Latrobe Lane N$362
7920 Hill Trail N$346
3536 Kelvin Court N$340
8797 Upper 7th Place$328
11402 Kings Court N$320
Sold price vs. list price
How close homes sold to their asking price.
3 homes didn’t report both a list and a sold price and aren’t shown.
All sold listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | Sold price | Sold / list | $ / ft² | Days to sell | Sold date |
|---|---|---|---|---|---|---|---|---|
| 9220 53rd Street NLake Elmo, MN 55042 | 4 | 3 | 2,748 | $625,000 | 100.0% | $227 | 27 days | Nov 10, 2026 |
| 9520 Whistling Valley TrailLake Elmo, MN 55042 | 5 | 5 | 5,770 | $1,530,000 | 95.6% | $265 | 117 days | Nov 9, 2026 |
| 3779 Knightsbridge Lane NLake Elmo, MN 55042 | 5 | 4 | 3,427 | $760,000 | 95.4% | $221 | 57 days | Nov 6, 2026 |
| 8249 Deer Pond Court NLake Elmo, MN 55042 | 5 | 3 | 2,660 | $655,000 | 97.1% | $246 | 79 days | Nov 5, 2026 |
| 2928 Jonquil Trail NLake Elmo, MN 55042 | 5 | 5 | 5,979 | $1,610,400 | 95.6% | $269 | 42 days | Oct 29, 2026 |
| 11112 6th Street Circle NLake Elmo, MN 55042 | 3 | 3 | 2,691 | $630,000 | 100.0% | $234 | 58 days | Oct 28, 2026 |
| 8797 Upper 7th PlaceLake Elmo, MN 55042 | 2 | 2 | 1,734 | $570,000 | 103.6% | $328 | 73 days | Oct 28, 2026 |
| 8274 Hidden Bay Trail NLake Elmo, MN 55042 | 4 | 3 | 2,655 | $702,500 | 100.4% | $264 | 21 days | Oct 26, 2026 |
| 9607 4th Street NLake Elmo, MN 55042 | 3 | 3 | 1,999 | $403,000 | 98.3% | $201 | 110 days | Oct 26, 2026 |
| 8370 59th Street NLake Elmo, MN 55042 | 3 | 2 | 2,370 | $350,000 | 100.0% | $147 | 66 days | Oct 23, 2026 |
Questions about this market?
These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.
Sarahjenkins.com
Next steps
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.