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Average price per square foot for Lake Elmo MN was $218, an increase of 19.1% compared to the same period last year. The median sales price for homes in Lake Elmo MN for Dec 14 to Mar 15 was $466,000 based on 9 home sales. Compared to the same period one year ago, the median home sales price increased 19.8%, or $77,000, and the...