Homes Under $500K in Lake Elmo, MN

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3 beds New construction With a pool

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Homes Under $500K in Lake Elmo, MN

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9 Listings

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Homes Under $500K in Lake Elmo, MN

9 Listings

Your local brokerage

Steve Merrit

Realty.com

Lic. #40699127

Call Steve

40Active
$434,900
3 bd · 3 ba · 1,983 sqft
9525 4th Street N, Lake Elmo, MN
Keller Williams Premier Realty
32Active
$419,900
3 bd · 3 ba · 1,883 sqft
9729 4th Street N, Lake Elmo, MN
John E Morgan · eXp Realty
17Active
$399,000
3 bd · 1 ba · 1,568 sqft
8914 37th Street N, Lake Elmo, MN
RES Realty

Listing data & MLS disclosures

FargoMoorhead Area Association of REALTORS: The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than Realty.com are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
NorthstarMLS: Based on information submitted to the MLS GRID as of 2026-09-03 22:53:18 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Lake Elmo housing market

August 2026 · This period is still settling

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 21 sales · as of Aug 28, 2026

Homes that sold · County records, as of Aug 14, 2026

Median sale price: $717,000$517,500–$978,750 typical range
Price per sq. ft.: $302
Sales: 16
Paid in cash: 43.8%

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Median list price: $649,725
Homes for sale: 54
Median days on market: 21 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: 15.7%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Median home size: 1,999 sq. ft.

Lake Elmo, MN community profile

Population: 12,085
Median income: $156,690
Housing units: 4,562
People per sq. mi.: 456
Area: 26.5 sq. mi.

Source: HJN community data

Explore Lake Elmo homes

Listing data & MLS disclosures

FargoMoorhead Area Association of REALTORS: The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than Realty.com are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
NorthstarMLS: Based on information submitted to the MLS GRID as of 2026-09-03 22:53:18 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Your local brokerage

Steve Merrit

Realty.com

Lic. #40699127

Call Steve

By feature

Your local brokerage

Steve Merrit

Realty.com

Lic. #40699127

Call Steve

Lake Elmo, MN community profile

Population: 12,085
Median income: $156,690
Housing units: 4,562
People per sq. mi.: 456
Area: 26.5 sq. mi.

Source: HJN community data

Lake Elmo housing market

August 2026 · This period is still settling

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 21 sales · as of Aug 28, 2026

Homes that sold · County records, as of Aug 14, 2026

Median sale price: $717,000$517,500–$978,750 typical range
Price per sq. ft.: $302
Sales: 16
Paid in cash: 43.8%

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Median list price: $649,725
Homes for sale: 54
Median days on market: 21 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: 15.7%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Median home size: 1,999 sq. ft.

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Your local brokerage

Listing data & MLS disclosures

Lake Elmo housing market

Homes that sold · County records, as of Aug 14, 2026

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Lake Elmo, MN community profile

Explore Lake Elmo homes

Listing data & MLS disclosures

Your local brokerage

By feature

Your local brokerage

Lake Elmo, MN community profile

Lake Elmo housing market

Homes that sold · County records, as of Aug 14, 2026

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026