The South Lake Elmo housing market is not very competitive. The median sale price of a home in South Lake Elmo was $690K last month, up 64.2% since last year. The median sale price per square foot in South Lake Elmo is $235, up 11.9% since last year.
What is the housing market like in South Lake Elmo today?
In March 2024, South Lake Elmo home prices were up 64.2% compared to last year, selling for a median price of $690K. On average, homes in South Lake Elmo sell after 100 days on the market compared to 84 days last year. There were 15 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$689,697
+64.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Lake Elmo, MN
$689,697
+64.2%
United States
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How hot is the South Lake Elmo housing market?
South Lake Elmo is not very competitive. Homes sell in 94.5 days.
0
100
18
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 95 days.
Hot homes
can sell for around list price and go pending in around 55 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Lake Elmo housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Lake Elmo.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Lake Elmo has a moderate risk of flooding. 124 properties in South Lake Elmo are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in South Lake Elmo. Flood risk is increasing slower than the national average.
24% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Lake Elmo has a minor risk of wildfire. There are 416 properties in South Lake Elmo that have some risk of being affected by wildfire over the next 30 years. This represents 24% of all properties in South Lake Elmo.
South Lake Elmo has minimal risk of severe winds over the next 30 years
Wind Factor
South Lake Elmo has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.