All Home Types
Lake Elmo, MN Housing Market
What is the housing market like in Lake Elmo today?
In February 2025, Lake Elmo home prices were down 14.9% compared to last year, selling for a median price of $600K. On average, homes in Lake Elmo sell after 160 days on the market compared to 133 days last year. There were 19 homes sold in February this year, up from 14 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$600,000
-14.9% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lake Elmo, MN
$600,000
-14.9%
United States
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Lake Elmo Migration & Relocation Trends
In Dec '24 - Feb '25, 22% of Lake Elmo homebuyers searched to move out of Lake Elmo, while 78% looked to stay within the metropolitan area.
- Across the nation, 0.76% of homebuyers searched to move into Lake Elmo from outside metros.
- Miami homebuyers searched to move into Lake Elmo more than any other metro followed by Albuquerque and Chicago.
Where are people moving to Lake Elmo from?
- 78% of Lake Elmo homebuyers searched to stay within the Lake Elmo metropolitan area.
- Brainerd was the most popular destination among Lake Elmo homebuyers followed by Cape Coral and Duluth.
Where are people from Lake Elmo moving to?
Number of People Moving to Lake Elmo
least
most
People are moving to Lake Elmo from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 698 | ||
| 2 | 688 | ||
| 3 | 494 | ||
| 4 | 428 | ||
| 5 | 365 | ||
| 6 | 317 | ||
| 7 | 278 | ||
| 8 | 178 | ||
| 9 | 153 | ||
| 10 | 122 | ||
People are leaving Lake Elmo for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 359 | ||
| 2 | 285 | ||
| 3 | 208 | ||
| 4 | 150 | ||
| 5 | 123 | ||
| 6 | 68 | ||
| 7 | 56 | ||
| 8 | 38 | ||
| 9 | 35 | ||
| 10 | 33 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Elmo.
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