Homes Under $500K in Lake Elmo, MN

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14 of 44 Listings

Your local brokerage

Steve Merrit

Realty.com

Lic. #40699127

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21Active
$500,000
4 bd · 2 ba · 3,548 sqft
3081 Laverne Court N, Lake Elmo, MN
Karen L Stang · Carriage Realty, Inc.
23Active
$337,000
3 bd · 3 ba · 1,774 sqft
9873 5th Street Lane N, Lake Elmo, MN
Amber N Broadway · Opendoor Brokerage, LLC
Price Reduced35Active
$495,250
2 bd · 2 ba · 1,557 sqft
10948 Lower 37th St Court N, Lake Elmo, MN
David E Steger · Robert Thomas Homes, Inc.

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 2026-10-06 20:53:07 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.

About Homes Under $500K in Lake Elmo, MN

Homes Under $500K in Lake Elmo, MN: 44 active listings as of October 26, 2026, 13:50 UTC.

Property types among these 44 listings, by the property type each listing’s MLS reports, spelled as the MLS spells it. Types with fewer than 5 listings, and listings whose MLS reports no type, are not shown, so the shares can total less than 100%.
Property type	Listings	Share
Townhouse	32	72.7%
Single Family Residence	12	27.3%

Lake Elmo housing market

September 2026

Selling at 98.1% of asking price

Buyers here are paying below asking. MLS · 22 sales · as of Sep 30, 2026

Homes that sold · County records, as of Sep 30, 2026

Median sale price: $774,900$525,000–$930,600 typical range
Price per sq. ft.: $261
Sales: 37
Paid in cash: 48.7%

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Median list price: $649,550
Homes for sale: 63
Median days on market: 22 days

Price trend · Assessor repeat sales, as of Sep 30, 2026

Year-over-year: 15.5%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 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

Homes Under $500K in Lake Elmo, MN

Your local brokerage

Listing data & MLS disclosures

About Homes Under $500K in Lake Elmo, MN

Lake Elmo housing market

Homes that sold · County records, as of Sep 30, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Lake Elmo, MN community profile

Explore Lake Elmo homes

Listing data & MLS disclosures

Your local brokerage

Your local brokerage

Lake Elmo, MN community profile

Lake Elmo housing market

Homes that sold · County records, as of Sep 30, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026