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City / Town Overview

Elko New Market, MN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Elko New Market, MN real estate market currently shows 57 active listings, with 22 pending sales. Homes are averaging 64.3 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64.3 days on market compared to 45.5 days last year.

The median listing price has fallen 8.9% year-over-year, from $569,265 to $518,636.

Whether you are buying or selling in Elko New Market, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,954  ·  Density: 420.0/mi²  ·  Median household income: $144,995

Typical home value: $411,022  ·  Homeownership: 93.5%

Included Areas

Elko New Market: 55020, 55054

Area Map

Market Overview

Active Listings
57
⇧ 7.5% vs 53 last year
Pending
22
39% pending ratio
Median Price
$518,636
⇩ 8.9% vs $569,265 last year
Average Price
$569,907
⇧ 1.9% vs $559,328 last year
Days on Market
64.3
⇧ 41.3% vs 46 days last year

Price Per Square Foot

Median $/sqft
$220
⇧ 3.5% vs $212/sqft last year
Median Home Size
2,424 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %