Comprehensive market data and analysis• Updated Dec 2025
15.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 1 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 2 |
Acreage buckets
The median price for land in Lake Elmo, Minnesota is currently $314K per acre. For a typical parcel, the median sale price is $298K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $296K while premium lots reached $300K.
Lake Elmo, Minnesota is currently a strong buyer's market with 15.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake Elmo, Minnesota currently has 15.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 5 active listings in Lake Elmo, Minnesota. 3 new listings have hit the market in the last 90 days. The median asking price is $329K.
The 3-month absorption rate in Lake Elmo, Minnesota is 6.7%. The 12-month rate is 3.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Lake Elmo, Minnesota saw 2 properties sold, totaling $595K in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in Lake Elmo, Minnesota is 6.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Creative Real Estate Group, LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
