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ELLENDALE, MN 56026

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

Market Overview

Active Listings
7
⇧ 133.3% vs 3 last year
Pending
1
14% pending ratio
Median Price
$222,450
⇩ 58.4% vs $534,500 last year
Average Price
$251,617
⇩ 52.9% vs $534,500 last year
Days on Market
47
⇩ 64.9% vs 134 days last year

Market Context

Population: 1,812  ·  Density: 6.8/mi²  ·  Median household income: $90,167

Typical home value: $213,449  ·  Homeownership: 86.6%

Market Analysis

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

The ELLENDALE, MN real estate market (56026) currently shows 7 active listings, with 1 pending sales. Homes are averaging 47 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 selling faster, averaging 47 days on market compared to 134 days last year.

The median listing price has fallen 58.4% year-over-year, from $534,500 to $222,450.

Whether you are buying or selling in ELLENDALE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 3 last year
  • Days on market: 47 now vs 134 last year

Median & Average Pricing

Year over Year
  • Median: $222,450 (-58.4% YoY)
  • Average: $251,617 (-52.9% 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 26.0 miles — 222 listings ($63,889,272 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56026Ellendale, MN 560260.0 mi7$1,761,319$222,450$251,617
56045Hollandale, MN 560458.9 mi3$1,657,350$552,450$552,450
56072New Richland, MN 5607211.1 mi6$1,368,198$224,900$228,033
56007Albert Lea, MN 5600714.9 mi70$20,979,280$219,400$299,704
56043Hayward, MN 5604315.7 mi2$426,800$213,400$213,400
55924Claremont, MN 5592417.5 mi1$525,000$525,000$525,000
56009Alden, MN 5600919.9 mi9$2,453,067$304,900$272,563
55912Austin, MN 5591220.0 mi92$26,575,672$224,999$288,866
56036Glenville, MN 5603622.6 mi7$2,061,850$174,950$294,550
56097Wells, MN 5609723.7 mi10$1,588,560$159,900$158,856
55940Hayfield, MN 5594024.1 mi6$1,916,700$319,450$319,450
56068Minnesota Lake, MN 5606825.7 mi3$452,250$150,750$150,750
56048Janesville, MN 5604826.0 mi6$2,123,226$297,450$353,871

Frequently Asked Questions

How many homes are for sale in ELLENDALE, MN 56026?

As of January 2026, there are 7 active listings in ELLENDALE, MN (zip code 56026), compared to 3 the prior year.

What is the median home price in ELLENDALE, MN 56026?

The median listing price in ELLENDALE, MN 56026 is $222,450 as of January 2026, a 58.4% decrease from $534,500 the prior year.

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

Homes in ELLENDALE, MN 56026 spend an average of 47 days on the market before going under contract, compared to 134 days the prior year.

Is it a seller's or buyer's market in ELLENDALE, MN 56026?

Based on current inventory and days-on-market data as of January 2026, ELLENDALE, MN 56026 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 47 days on market compared to 134 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELLENDALE, MN 56026 save an estimated $4,449 compared to a typical 5% commission on the median listing price of $222,450. 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.