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ELGIN, MN 55932

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELGIN, MN real estate market (55932) currently shows 5 active listings, with 3 pending sales. Homes are averaging 138 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 138 days on market compared to 126 days last year.

The median listing price has risen 8.6% year-over-year, from $363,750 to $395,000.

Whether you are buying or selling in ELGIN, 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: 2,035  ·  Density: 15.0/mi²  ·  Median household income: $96,382

Typical home value: $262,101  ·  Homeownership: 81.7%

Market Overview

Active Listings
5
vs 5 last year
Pending
3
60% pending ratio
Median Price
$395,000
⇧ 8.6% vs $363,750 last year
Average Price
$363,967
⇧ 6.5% vs $341,825 last year
Days on Market
138
⇧ 9.5% vs 126 days last year

Price Per Square Foot

Median $/sqft
$234
⇧ 23.8% vs $189/sqft last year
Median Home Size
1,228 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 138 now vs 126 last year

Median & Average Pricing

Year over Year
  • Median: $395,000 (+8.6% YoY)
  • Average: $363,967 (+6.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.5 miles — 272 listings ($191,462,177 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55932Elgin, MN 559320.0 mi8$2,636,560$353,725$329,570
55964Plainview, MN 559647.5 mi17$5,765,244$263,675$339,132
55991Zumbro Falls, MN 5599110.2 mi1$599,900$599,900$599,900
55960Oronoco, MN 5596011.6 mi9$5,139,756$492,450$571,084
55929Dover, MN 5592913.5 mi2$900,000$450,000$450,000
55956Mazeppa, MN 5595615.2 mi4$2,174,900$543,725$543,725
55902Rochester, MN 5590215.9 mi138$133,996,068$845,000$970,986
55041Lake City, MN 5504117.8 mi23$11,346,176$459,900$493,312
55963Pine Island, MN 5596318.2 mi32$11,490,752$356,150$359,086
55923Chatfield, MN 5592320.8 mi14$8,229,816$499,500$587,844
55969Rollingstone, MN 5596921.4 mi1$457,500$457,500$457,500
55992Zumbrota, MN 5599222.2 mi20$8,081,180$396,175$404,059
55027Goodhue, MN 5502724.5 mi3$644,325$226,825$214,775

Frequently Asked Questions

How many homes are for sale in ELGIN, MN 55932?

As of March 2026, there are 5 active listings in ELGIN, MN (zip code 55932), compared to 5 the prior year.

What is the median home price in ELGIN, MN 55932?

The median listing price in ELGIN, MN 55932 is $395,000 as of March 2026, a 8.6% increase from $363,750 the prior year.

How long do homes stay on the market in ELGIN, MN?

Homes in ELGIN, MN 55932 spend an average of 138 days on the market before going under contract, compared to 126 days the prior year.

Is it a seller's or buyer's market in ELGIN, MN 55932?

Based on current inventory and days-on-market data as of March 2026, ELGIN, MN 55932 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 138 days on market compared to 126 days last year.

How much can I save on real estate commission in ELGIN, MN?

With SELL123.com's maximum 3% commission, sellers in ELGIN, MN 55932 save an estimated $7,900 compared to a typical 5% commission on the median listing price of $395,000. 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.