The South Lake Elmo housing market is somewhat competitive. The median sale price of a home in South Lake Elmo was $605K last month, up 2.5% since last year. The median sale price per square foot in South Lake Elmo is $241, up 8.1% since last year.
What is the housing market like in South Lake Elmo today?
In April 2025, South Lake Elmo home prices were up 2.5% compared to last year, selling for a median price of $605K. On average, homes in South Lake Elmo sell after 63 days on the market compared to 106 days last year. There were 24 homes sold in April this year, up from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$604,500
+2.5% YoY | Apr 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2025
Growth
% YoY
South Lake Elmo, MN
$604,500
+2.5%
United States
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How hot is the South Lake Elmo housing market?
South Lake Elmo is somewhat competitive. Homes sell in 51.5 days.
0
100
32
Somewhat 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 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 52 days.
Hot homes
can sell for around list price and go pending in around 29 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.
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Lake Elmo has a moderate risk of flooding. 106 properties in South Lake Elmo are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in South Lake Elmo. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
South Lake Elmo has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Lake Elmo is most at risk from severe storms. 1,724 properties in South Lake Elmo have some risk of being in a severe wind event within the next 30 years.