Let's Talk
Sunset at Lake Elmo Park Reserve, Minnesota

East Metro

Lake Elmo Real Estate

Acreage, new builds, and rural character

Sunset at Lake Elmo Park Reserve · Photo: Gabriel Vanslette. Source · CC BY 3.0. Resized and displayed cropped; photo adaptations retain the stated license.

Median Price

$670,000

Inventory

3.1 mo

Avg Days on Market

64d

Median Change (YoY)

+3.8%

Reporting period: September 2026 (25 closed sales, 43 new listings, 63 homes for sale, 95.7% of original list price received). 12-month median through September 2026: $665,000 (+2.9%); 12-month average days on market: 52. Source: Minneapolis Area Association of REALTORS (MAAR) Local Market Update, September 2026. Real estate market information is deemed reliable but not guaranteed.

Lifestyle

What is it like to live in Lake Elmo?

Rolling land, hobby farms, and thoughtfully designed new neighborhoods, all within twenty minutes of both St. Paul and Stillwater.

Lake Elmo has changed faster than almost any East Metro city, once nearly all acreage, now home to some of the region's most designed new neighborhoods, while still keeping its rural edges. Buyers should know which version of Lake Elmo they are buying into.

Neighborhoods

Which Lake Elmo neighborhoods should I consider?

  • Easton Village / Hidden Stream

    New construction, walkable, amenity-focused.

  • Old Village

    Historic small-town core.

  • Rural Lake Elmo

    Acreage, hobby farms, well and septic.

Housing stock

What kind of homes can I buy in Lake Elmo?

Split between brand-new planned neighborhoods and older acreage properties. Utilities, city water and sewer versus well and septic, differ by parcel.

  • Under $500KTownhomes and smaller new builds
  • $500K-$800KCore new-construction market
  • $800K+Acreage and custom estates

Getting around

  • · Downtown St. Paul, ~20 min via 94
  • · Stillwater, ~12 min
  • · Downtown Minneapolis, ~32 min

Who it suits

  • · Buyers who want acreage near the metro
  • · New-construction buyers (the area is served by ISD 834; check district boundaries with the district)
  • · Move-up buyers from Oakdale and Woodbury

Schools

Which schools serve Lake Elmo?

  • · Stillwater Area Schools (ISD 834)

Local favorites

What is there to do in Lake Elmo?

Lake Elmo Park Reserve

Park reserve

Hidden Stream / Easton Village

New neighborhoods

Strategy

What should I know before buying or selling in Lake Elmo?

For Buyers

Septic, well, and lot-line details matter as much as the house, build inspection contingencies accordingly.

How buying works with Andrea →

For Sellers

Acreage properties need comps chosen carefully; a generic algorithm estimate will usually be wrong.

The Minnesota selling process →

For Investors

Largely a primary-residence market; land value drives long-term returns.

Investor guidance →

Common questions

Frequently asked questions about Lake Elmo real estate

Do Lake Elmo homes have city water and sewer?
Newer neighborhoods generally do; rural properties typically rely on well and septic. Confirm for any specific address, it affects inspection and financing.

Interest in Lake Elmo

Learn more about Lake Elmo

Tell Andrea what you're looking for, buyer, seller, or investor.

Real estate disclosure

Andrea Nemetz is a Minnesota real estate advisor with PRE / Pemberton Real Estate, licensed in Minnesota, and a licensed Mortgage Loan Originator with Edge Home Finance Corporation (individual NMLS #2603670; Edge Home Finance Corporation company NMLS #891464). Pemberton Real Estate and Edge Home Finance Corporation are separate companies and have no affiliation with one another. No real estate service is contingent on the use of any mortgage service, and no mortgage service is contingent on the use of any real estate service.

Real estate market information is deemed reliable but not guaranteed. Estimated home values vary; market conditions change.

NMLS Consumer Access →