Lake Elmo, MN 55042 Real Estate & Property Data

Lake Elmo, MN 55042 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 142 residential properties have been sold over the past 12 months in 55042. With a median sales price of $636,250 in 55042 and a total of 1 foreclosures in Lake Elmo, MN 55042. Discover market trends and get the granular level real estate data for Lake Elmo, MN 55042 to keep your pulse on the housing market. Curate compelling home reports for Lake Elmo, MN 55042 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Lake Elmo, MN 55042 Real Estate Market Trends
Total Residential Properties 5,070
Total Commercial Properties 163
Avg. Home Age (Single Family Home) 28 Years
Avg. Square Feet (Single Family Home) 2,247
Total 2024 Residential Sales (year-to-date) 28
% of Homes Seriously Underwater (Q2 2024) 1.16%
Total 2023 Residential Sales 122
% of Equity Rich Homes (Q2 2024) 23.75%
Effective 2023 Property Tax 0.88%
Total Foreclosure Filings (year-to-date) 1
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Lake Elmo, MN 55042 Real Estate Overview

There were 142 residential properties sold in the past year in Lake Elmo, MN 55042. The median home value in Lake Elmo, MN 55042 is $591,212. There are a total of 5,070 residential properties in the 55042.

Median Sales Price i
$636,250
(Feb 2024)
-15.2%
year-over-year
y-o-y
  • February '24 Feb '24 $636,250
  • January '24 Jan '24 $562,500
  • December '23 Dec '23 $725,000
  • November '23 Nov '23 $560,000
  • October '23 Oct '23 $815,000
  • September '23 Sep '23 $557,450
  • August '23 Aug '23 $639,500
  • July '23 Jul '23 $635,000
  • June '23 Jun '23 $819,950
  • May '23 May '23 $479,950
  • April '23 Apr '23 $510,000
  • March '23 Mar '23 $559,900
Median Down Payment i
$122,750
(Feb 2024)
-18.2%
year-over-year
y-o-y
  • February '24 Feb '24 $122,750
  • January '24 Jan '24 $107,000
  • December '23 Dec '23 $72,500
  • November '23 Nov '23 $71,809
  • October '23 Oct '23 $234,000
  • September '23 Sep '23 $111,490
  • August '23 Aug '23 $195,050
  • July '23 Jul '23 $125,700
  • June '23 Jun '23 $223,485
  • May '23 May '23 $182,000
  • April '23 Apr '23 $98,000
  • March '23 Mar '23 $54,990
Number of Homes Sold i
10
(Feb 2024)
+400%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 18
  • December '23 Dec '23 4
  • November '23 Nov '23 8
  • October '23 Oct '23 13
  • September '23 Sep '23 13
  • August '23 Aug '23 17
  • July '23 Jul '23 15
  • June '23 Jun '23 10
  • May '23 May '23 9
  • April '23 Apr '23 13
  • March '23 Mar '23 10
Number of Purchase Loans i
10
(Feb 2024)
+42.9%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 14
  • December '23 Dec '23 9
  • November '23 Nov '23 10
  • October '23 Oct '23 14
  • September '23 Sep '23 13
  • August '23 Aug '23 18
  • July '23 Jul '23 14
  • June '23 Jun '23 11
  • May '23 May '23 15
  • April '23 Apr '23 14
  • March '23 Mar '23 8
Number of REFI Loans i
5
(Feb 2024)
+150%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 7
  • December '23 Dec '23 7
  • November '23 Nov '23 7
  • October '23 Oct '23 6
  • September '23 Sep '23 11
  • August '23 Aug '23 9
  • July '23 Jul '23 11
  • June '23 Jun '23 11
  • May '23 May '23 10
  • April '23 Apr '23 8
  • March '23 Mar '23 11
Number of HELOC Loans i
8
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 8
  • January '24 Jan '24 7
  • December '23 Dec '23 1
  • November '23 Nov '23 12
  • October '23 Oct '23 15
  • September '23 Sep '23 7
  • August '23 Aug '23 6
  • July '23 Jul '23 3
  • June '23 Jun '23 6
  • May '23 May '23 9
  • April '23 Apr '23 9
  • March '23 Mar '23 6

Lake Elmo, MN 55042 Foreclosure Activity

There were a total of 1 Lake Elmo, MN 55042 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 2
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
Foreclosure Starts i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 2
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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