Population: 2,635 · Density: 993.7/mi² · Median household income: $152,500
Typical home value: $397,294 · Homeownership: 83.7%
Data as of January 2026. Source: Realtor.com.
The ELKO NEW MARKET, MN real estate market (55054) currently shows 26 active listings, with 7 pending sales. Homes are averaging 17 days on the market before going under contract.
Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.
Homes are selling faster, averaging 17 days on market compared to 66 days last year.
The median listing price has risen 2% year-over-year, from $458,635 to $467,990.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55054 | Elko New Market, MN 55054 | 0.0 mi | 26 | $12,407,876 | $467,990 | $477,226 |
| 55088 | Webster, MN 55088 | 3.4 mi | 3 | $2,489,700 | $829,900 | $829,900 |
| 55372 | Prior Lake, MN 55372 | 8.0 mi | 99 | $97,086,825 | $775,000 | $980,675 |
| 55057 | Northfield, MN 55057 | 10.9 mi | 74 | $46,102,592 | $437,500 | $623,008 |
| 55306 | Burnsville, MN 55306 | 11.4 mi | 28 | $11,502,708 | $385,000 | $410,811 |
| 55019 | Dundas, MN 55019 | 12.0 mi | 7 | $2,619,260 | $404,950 | $374,180 |
| 55352 | Jordan, MN 55352 | 12.9 mi | 26 | $18,281,562 | $547,611 | $703,137 |
| 56069 | Montgomery, MN 56069 | 14.5 mi | 30 | $10,583,850 | $345,400 | $352,795 |
| 55379 | Shakopee, MN 55379 | 15.1 mi | 154 | $80,830,288 | $509,950 | $524,872 |
| 55437 | Minneapolis, MN 55437 | 17.5 mi | 24 | $7,576,104 | $320,000 | $315,671 |
| 55431 | Minneapolis, MN 55431 | 17.7 mi | 22 | $9,055,420 | $399,900 | $411,610 |
| 55068 | Rosemount, MN 55068 | 17.9 mi | 153 | $81,084,033 | $552,539 | $529,961 |
| 55347 | Eden Prairie, MN 55347 | 18.7 mi | 97 | $85,538,674 | $638,950 | $881,842 |
As of January 2026, there are 26 active listings in ELKO NEW MARKET, MN (zip code 55054), compared to 12 the prior year.
The median listing price in ELKO NEW MARKET, MN 55054 is $467,990 as of January 2026, a 2% increase from $458,635 the prior year.
Homes in ELKO NEW MARKET, MN 55054 spend an average of 17 days on the market before going under contract, compared to 66 days the prior year.
Based on current inventory and days-on-market data as of January 2026, ELKO NEW MARKET, MN 55054 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 17 days on market compared to 66 days last year.
With SELL123.com's maximum 3% commission, sellers in ELKO NEW MARKET, MN 55054 save an estimated $9,360 compared to a typical 5% commission on the median listing price of $467,990. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.