Homes for sale · updated November 3, 2026
Homes for sale in Lake Elmo, MN under $400,000
11 homes are for sale in Lake Elmo, MN (under $400,000) as of November 3, 2026, from $99,900 to $400,000, with a median list price of $395,000.
- For sale now
- 11
- Median list price
- $395,000
- Price range
- $99,900–$400,000
- Median per sq ft
- $208
- Median sold (12 mo.)
- $665,000
The homes
Open Tue, Nov 3 · 3 PM–1 AM$337,0009873 5th Street Lane N, Lake Elmo, MN 55042MLS #7160932
Listing courtesy of Opendoor Brokerage, LLC
$395,0009516 4th Street N, Lake Elmo, MN 55042MLS #7148362Listing courtesy of Keller Williams Premier Realty
$99,900327 Cimarron, Lake Elmo, MN 55042MLS #7143109Listing courtesy of Pemberton RE
$400,0009653 4th Street Lane N, Lake Elmo, MN 55042MLS #7144590Listing courtesy of RE/MAX Results
$396,1358780 Island Trail Echo N #B, Lake Elmo, MN 55001MLS #7143509Listing courtesy of M/I Homes
$393,3108760 Island Trail Echo N #D, Lake Elmo, MN 55001MLS #7143524Listing courtesy of M/I Homes
$398,4348780 Island Trail Echo N #C, Lake Elmo, MN 55001MLS #7141726Listing courtesy of M/I Homes
$394,9908760 Island Trail Echo N #C, Lake Elmo, MN 55001MLS #7141757Listing courtesy of M/I Homes
$399,9009729 4th Street N, Lake Elmo, MN 55042MLS #7126299Listing courtesy of eXp Realty
$399,0008914 37th Street N, Lake Elmo, MN 55042MLS #7117092Listing courtesy of RES Realty
$239,000XXX 33rd Street N, Lake Elmo, MN 55042MLS #7100191Listing courtesy of Savvy Avenue, LLC
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:18 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Local knowledge
Before you buy in Lake Elmo
Lakes in Lake Elmo
Quick answers
Homes for sale in Lake Elmo under $400,000: questions
How many homes are for sale in Lake Elmo, MN (under $400,000)?
11 homes are for sale in Lake Elmo, MN (under $400,000) as of November 3, 2026, from $99,900 to $400,000, with a median list price of $395,000. Listings update twice a day from NorthstarMLS.
What is the median list price for under $400,000 in Lake Elmo, MN?
$395,000 across 11 active listings as of November 3, 2026, about $208 per finished square foot.
What is the least expensive home for sale in Lake Elmo, MN?
327 Cimarron, Lake Elmo, listed at $99,900 with 3 bedrooms (Pemberton RE), as of November 3, 2026.
What are homes actually selling for in Lake Elmo, MN?
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).
How do I get new Lake Elmo, MN listings first?
Use the form on this page and a Huerkamp Home Group agent will set up alerts so you see new listings as soon as they hit the market. There's no cost to buyers.
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