Call or Text (240) SELL-123

ELGIN, MN 55932

Real Estate Market Report  ·  Wabasha County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
vs 5 last year
Pending
1
20% pending ratio
Median Price
$395,000
⇧ 2.8% vs $384,075 last year
Average Price
$386,780
⇧ 12.7% vs $343,233 last year
Days on Market
78
⇩ 30.4% vs 112 days last year

Market Context

Population: 2,035  ·  Density: 15.0/mi²  ·  Median household income: $96,382

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

Market Analysis

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

The ELGIN, MN real estate market (55932) currently shows 5 active listings, with 1 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 78 days on market compared to 112 days last year.

The median listing price has risen 2.8% year-over-year, from $384,075 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for ELGIN, MN 55932 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 78 now vs 112 last year

Median & Average Pricing

Year over Year
  • Median: $395,000 (+2.8% YoY)
  • Average: $386,780 (+12.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.1 miles — 352 listings ($148,939,984 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55932Elgin, MN 559320.0 mi5$1,933,900$395,000$386,780
55964Plainview, MN 559647.5 mi17$5,012,943$287,450$294,879
55934Eyota, MN 559349.4 mi16$5,861,184$314,900$366,324
55901Rochester, MN 5590110.8 mi143$60,855,080$357,500$425,560
55904Rochester, MN 5590413.1 mi62$23,622,744$341,800$381,012
55945Kellogg, MN 5594515.1 mi1$117,125$117,125$117,125
55972Saint Charles, MN 5597215.9 mi4$2,214,400$645,000$553,600
55910Altura, MN 5591016.3 mi1$394,900$394,900$394,900
55920Byron, MN 5592018.1 mi38$23,354,838$527,400$614,601
55981Wabasha, MN 5598118.9 mi16$5,075,008$344,900$317,188
55976Stewartville, MN 5597621.0 mi15$5,581,065$387,450$372,071
55955Mantorville, MN 5595522.0 mi3$1,401,975$452,450$467,325
55944Kasson, MN 5594424.1 mi31$13,514,822$406,250$435,962

Frequently Asked Questions

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

As of January 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 January 2026, a 2.8% increase from $384,075 the prior year.

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

Homes in ELGIN, MN 55932 spend an average of 78 days on the market before going under contract, compared to 112 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 January 2026, ELGIN, MN 55932 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 78 days on market compared to 112 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.