Townhomes for sale in Lake Elmo, MN

21 townhomes are for sale in Lake Elmo, MN as of November 10, 2026, from $330,000 to $579,900, with a median list price of $399,990. The typical townhome for sale has 3 bedrooms and 1,983 finished square feet. The median association fee listed is $296 (usually monthly), which typically covers exterior upkeep, lawn care and snow removal; check each listing for what's included. Single-family homes in Lake Elmo, MN have a median list price of $649,950, so a townhome costs about $249,960 less at the middle of the market. Listings update through the day from NorthstarMLS.

The median association fee among the 21 townhomes for sale in Lake Elmo, MN is $296, as listed in NorthstarMLS on November 10, 2026 (usually a monthly amount). Fees vary by association and usually cover some mix of exterior maintenance, lawn care, snow removal, insurance on the building and amenities; the listing and the association's documents say exactly what's included.

Usually: by about $249,960 at the middle of the market. The median list price is $399,990 for townhomes and $649,950 for single-family homes in Lake Elmo, MN (November 10, 2026). Add the association fee to the monthly cost when you compare.

$399,990 across 21 active listings as of November 10, 2026, about $200 per finished square foot.

9873 5th Street Lane N, Lake Elmo, listed at $330,000 with 3 bedrooms (Opendoor Brokerage, LLC), as of November 10, 2026.

The median sale price was $665,000 over the 12 months through September 2026 (+2.9% from a year earlier), with 251 homes sold and 52 days on market on average, according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).

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