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ELYSIAN, MN 56028

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

Market Analysis

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

The ELYSIAN, MN real estate market (56028) currently shows 15 active listings, with 5 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 76 days on market compared to 130 days last year.

The median listing price has fallen 39.8% year-over-year, from $849,450 to $511,725.

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Market Context

Market Context

Population: 1,042  ·  Density: 22.5/mi²  ·  Median household income: $91,786

Typical home value: $315,197  ·  Homeownership: 86.5%

Market Overview

Active Listings
15
⇧ 50% vs 10 last year
Pending
5
33% pending ratio
Median Price
$511,725
⇩ 39.8% vs $849,450 last year
Average Price
$545,546
⇩ 44% vs $973,950 last year
Days on Market
76
⇩ 41.5% vs 130 days last year

Price Per Square Foot

Median $/sqft
$243
⇧ 20.3% vs $202/sqft last year
Median Home Size
1,988 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 10 last year
  • Days on market: 76 now vs 130 last year

Median & Average Pricing

Year over Year
  • Median: $511,725 (-39.8% YoY)
  • Average: $545,546 (-44% 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 23.5 miles — 264 listings ($109,942,182 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56028Elysian, MN 560280.0 mi4$2,978,768$777,175$744,692
56096Waterville, MN 560965.6 mi14$5,362,000$297,500$383,000
56024Eagle Lake, MN 560248.5 mi8$3,311,304$374,900$413,913
56052Kilkenny, MN 5605210.1 mi2$838,450$419,225$419,225
56050Kasota, MN 5605012.0 mi5$2,024,500$384,900$404,900
55052Morristown, MN 5505213.4 mi6$2,768,148$489,950$461,358
56001Mankato, MN 5600114.7 mi107$42,479,535$319,900$397,005
56069Montgomery, MN 5606915.6 mi30$11,591,070$376,100$386,369
56082Saint Peter, MN 5608218.2 mi21$7,695,114$365,450$366,434
55046Lonsdale, MN 5504621.1 mi21$11,502,309$372,500$547,729
56037Good Thunder, MN 5603722.0 mi4$1,379,868$406,900$344,967
56071New Prague, MN 5607122.4 mi38$16,871,316$427,475$443,982
55049Medford, MN 5504923.5 mi4$1,139,800$269,900$284,950

Frequently Asked Questions

How many homes are for sale in ELYSIAN, MN 56028?

As of September 2026, there are 15 active listings in ELYSIAN, MN (zip code 56028), compared to 10 the prior year.

What is the median home price in ELYSIAN, MN 56028?

The median listing price in ELYSIAN, MN 56028 is $511,725 as of September 2026, a 39.8% decrease from $849,450 the prior year.

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

Homes in ELYSIAN, MN 56028 spend an average of 76 days on the market before going under contract, compared to 130 days the prior year.

Is it a seller's or buyer's market in ELYSIAN, MN 56028?

Based on current inventory and days-on-market data as of September 2026, ELYSIAN, MN 56028 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 76 days on market compared to 130 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELYSIAN, MN 56028 save an estimated $10,235 compared to a typical 5% commission on the median listing price of $511,725. 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.