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ELMORE, MN 56027

Real Estate Market Report  ·  Faribault County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELMORE, MN real estate market (56027) currently shows 4 active listings, with 3 pending sales. Homes are averaging 91 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 91 days on market compared to 33 days last year.

The median listing price has fallen 6.8% year-over-year, from $139,500 to $130,000.

Whether you are buying or selling in ELMORE, 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: 645  ·  Density: 3.9/mi²  ·  Median household income: $46,858

Typical home value: $54,597  ·  Homeownership: 79.1%

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
3
75% pending ratio
Median Price
$130,000
⇩ 6.8% vs $139,500 last year
Average Price
$130,000
⇩ 6.8% vs $139,500 last year
Days on Market
91
⇧ 175.8% vs 33 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 91 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $130,000 (-6.8% YoY)
  • Average: $130,000 (-6.8% 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 25.8 miles — 62 listings ($10,125,010 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56027Elmore, MN 560270.0 mi4$520,000$130,000$130,000
56013Blue Earth, MN 560137.1 mi21$4,279,149$199,450$203,769
50465Rake, IA 5046510.9 mi2$349,800$174,900$174,900
50590Swea City, IA 5059011.9 mi3$282,750$94,250$94,250
56047Huntley, MN 5604714.5 mi1$110,000$110,000$110,000
50517Bancroft, IA 5051716.1 mi2$310,000$155,000$155,000
56023Delavan, MN 5602318.3 mi1$139,900$139,900$139,900
50478Thompson, IA 5047818.8 mi3$247,350$82,450$82,450
50514Armstrong, IA 5051419.0 mi5$859,875$171,975$171,975
56051Kiester, MN 5605120.9 mi6$739,050$120,975$123,175
50559Lone Rock, IA 5055923.7 mi1$99,000$99,000$99,000
56097Wells, MN 5609724.8 mi12$1,978,236$169,150$164,853
56010Amboy, MN 5601025.8 mi1$209,900$209,900$209,900

Frequently Asked Questions

How many homes are for sale in ELMORE, MN 56027?

As of March 2026, there are 4 active listings in ELMORE, MN (zip code 56027), compared to 2 the prior year.

What is the median home price in ELMORE, MN 56027?

The median listing price in ELMORE, MN 56027 is $130,000 as of March 2026, a 6.8% decrease from $139,500 the prior year.

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

Homes in ELMORE, MN 56027 spend an average of 91 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in ELMORE, MN 56027?

Based on current inventory and days-on-market data as of March 2026, ELMORE, MN 56027 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 91 days on market compared to 33 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELMORE, MN 56027 save an estimated $2,600 compared to a typical 5% commission on the median listing price of $130,000. 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.