Why Live in Lake Elmo
Lake Elmo, located just a few miles east of Saint Paul, offers a unique blend of rural charm and urban convenience. Spanning about 24 square miles, this neighborhood features a mix of historic farmhouses, early 20th-century bungalows, Craftsman homes, midcentury ranches, and newer developments including townhomes and Prairie-style houses. Homebuyers can find properties ranging from older detached homes to newer townhomes, with prices varying between $300,000 and $600,000. The area is served by the well-rated Stillwater Area Public Schools, including Oak-Land Middle and Stillwater Area High, which offer diverse athletic programs. Lake Elmo boasts a crime rate significantly lower than the national average, enhancing its appeal for families.
Outdoor attractions are abundant, with the 2,165-acre Lake Elmo Park Preserve offering activities such as archery, mountain biking, cross-country skiing, and kayaking. Adjacent Sunfish Lake Park provides 9 miles of scenic trails. Golf enthusiasts can enjoy the Royal Golf Club, recognized as “Minnesota’s Best” golf course in 2021. The small downtown area features historic shops and restaurants, including the long-standing Hagberg’s country market and the Lake Elmo Inn, known for its acclaimed brunch. Newer establishments like Sunshine Coffee Co. add to the local charm.
Despite its rural setting, Lake Elmo is well-connected to urban centers, with a 20-minute commute to Saint Paul via Interstate 94 and about 30 minutes to Minneapolis. However, the neighborhood faces challenges with water quality due to PFAS contamination, necessitating the blending of clean and contaminated water to meet demand.
Home Trends in Lake Elmo, MN
On average, homes in Lake Elmo, MN sell after 53 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Elmo, MN over the last 12 months is $650,000, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$650,000
Median Single Family Sale Price
$724,000
Median Townhouse Sale Price
$377,400
Average Price Per Sq Ft
$249
Number of Homes for Sale
112
Last 12 months Home Sales
205
Median List Price
$699,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%