The South Lake Elmo housing market is somewhat competitive. The median sale price of a home in South Lake Elmo was $502K last month, down 9.13% since last year. The median sale price per square foot in South Lake Elmo is $218, up 5.6% since last year.
What is the housing market like in South Lake Elmo today?
In January 2025, South Lake Elmo home prices were down 9.13% compared to last year, selling for a median price of $502K. On average, homes in South Lake Elmo sell after 72 days on the market compared to 62 days last year. There were 14 homes sold in January this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$502,000
-9.13% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
South Lake Elmo, MN
$502,000
-9.13%
United States
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How hot is the South Lake Elmo housing market?
South Lake Elmo is somewhat competitive. Homes sell in 55 days.
0
100
37
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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 55 days.
Hot homes
can sell for around list price and go pending in around 26 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
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
South Lake Elmo has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information