Homes Under $700K in Lake Elmo, MN

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13 of 82 Listings

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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.
50Active
$650,000
4 bd · 3 ba · 2,495 sqft
10950 38th Court N, Lake Elmo, MN
Jamie L Voyen · Edina 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

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®.

About Homes Under $700K in Lake Elmo, MN

Homes Under $700K in Lake Elmo, MN: 82 active listings as of October 26, 2026, 09:16 UTC.

Property types among these 82 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
Single Family Residence	44	53.7%
Townhouse	35	42.7%

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 $700K in Lake Elmo, MN

Your local brokerage

Listing data & MLS disclosures

About Homes Under $700K 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