Lake Elmo housing market, November 2025
Past report · Minneapolis Area REALTORS® Local Market Update · current as of December 5, 2025. See the newest report (September 2026)
- Median sale price$610K−4.3% vs. November 2024
- Homes sold25+108.3% vs. November 2024
- Days on market32November 2025
- Months of supply2.6end of November 2025
The short version
Lake Elmo in November 2025
In November 2025, 25 homes sold in Lake Elmo, against 12 in November 2024.
The median sale price was $610,000, down 4.3% from a year earlier, and homes spent 32 days on market, with sellers receiving 98.8% of their original list price.
The month ended with 51 homes for sale, 2.6 months of supply (a seller’s market by the usual measure).
Over the 12 months through November 2025, the median was $625,000 (down 7.4%) across 241 sales.
That was the 8th highest median sale price of the 69 cities in our guides with at least 10 sales that month.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $654,000 |
| Nov 2024 | $637,450 |
| Dec 2024 | $552,500 |
| Jan 2025 | $712,500 |
| Feb 2025 | $597,000 |
| Mar 2025 | $840,000 |
| Apr 2025 | $820,000 |
| May 2025 | $587,500 |
| Jun 2025 | $880,500 |
| Jul 2025 | $577,500 |
| Aug 2025 | $577,500 |
| Sep 2025 | $645,411 |
| Oct 2025 | $565,000 |
| Nov 2025 | $610,000 |
All the numbers
Lake Elmo, November 2025 vs. November 2024
| November 2025 | 12 months through November 2025 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $637,450 | $610,000 | −4.3% | $675,000 | $625,000 | −7.4% |
| Average sale price | $623,322 | $637,912 | +2.3% | $710,469 | $741,069 | +4.3% |
| Price per square foot | $214 | $241 | +12.7% | $231 | $243 | +5.3% |
| Closed sales | 12 | 25 | +108.3% | 206 | 241 | +17.0% |
| New listings | 31 | 15 | −51.6% | 377 | 357 | −5.3% |
| Days on market | 79 | 32 | −59.5% | 73 | 62 | −15.1% |
| % of original list price received | 94.4% | 98.8% | +4.7% | 97.2% | 98.2% | +1.0% |
| Homes for sale (end of month) | 59 | 51 | −13.6% | — | — | — |
| Months of supply | 3.3 | 2.6 | −21.2% | — | — | — |
| Twin Cities region, median price | $376,000 | $387,000 | +2.9% | $379,000 | $390,000 | +2.9% |
Source: Minneapolis Area REALTORS® Local Market Update, Lake Elmo, November 2025. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of December 5, 2025. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Lake Elmo in November 2025: questions
What was the median home price in Lake Elmo, MN in November 2025?
$610,000, from 25 sales (down 4.3% from November 2024), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How many homes sold in Lake Elmo, MN in November 2025?
25, against 12 in November 2024. 15 new listings came on the market that month.
Was Lake Elmo a buyer's or seller's market in November 2025?
Lake Elmo ended November 2025 with 2.6 months of supply (51 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.