Active Listings
15
⇧ 114.3% vs 7 last year
Data as of March 2026. Source: Realtor.com.
The ELBOW LAKE, MN real estate market (56531) currently shows 15 active listings, with 4 pending sales. Homes are averaging 56 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 56 days on market compared to 16 days last year.
The median listing price has risen 18.1% year-over-year, from $207,450 to $244,900.
Whether you are buying or selling in ELBOW LAKE, 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.
Population: 1,915 · Density: 4.9/mi² · Median household income: $68,056
Typical home value: $161,116 · Homeownership: 77.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56531 | Elbow Lake, MN 56531 | 0.0 mi | 12 | $2,538,192 | $179,950 | $211,516 |
| 56309 | Ashby, MN 56309 | 10.7 mi | 4 | $1,296,952 | $319,000 | $324,238 |
| 56339 | Hoffman, MN 56339 | 13.8 mi | 6 | $2,386,188 | $337,400 | $397,698 |
| 56248 | Herman, MN 56248 | 15.5 mi | 4 | $387,332 | $79,000 | $96,833 |
| 56343 | Kensington, MN 56343 | 19.5 mi | 1 | $350,000 | $350,000 | $350,000 |
| 56583 | Tintah, MN 56583 | 20.3 mi | 1 | $640,000 | $640,000 | $640,000 |
| 56332 | Garfield, MN 56332 | 23.0 mi | 3 | $1,024,500 | $344,500 | $341,500 |
| 56327 | Farwell, MN 56327 | 23.9 mi | 1 | $264,900 | $264,900 | $264,900 |
| 56515 | Battle Lake, MN 56515 | 24.8 mi | 7 | $3,349,920 | $349,999 | $478,560 |
| 56323 | Cyrus, MN 56323 | 27.6 mi | 2 | $404,000 | $202,000 | $202,000 |
| 56267 | Morris, MN 56267 | 28.1 mi | 14 | $2,764,650 | $176,975 | $197,475 |
| 56533 | Elizabeth, MN 56533 | 29.7 mi | 1 | $179,000 | $179,000 | $179,000 |
| 56221 | Chokio, MN 56221 | 31.7 mi | 1 | $159,900 | $159,900 | $159,900 |
As of March 2026, there are 15 active listings in ELBOW LAKE, MN (zip code 56531), compared to 7 the prior year.
The median listing price in ELBOW LAKE, MN 56531 is $244,900 as of March 2026, a 18.1% increase from $207,450 the prior year.
Homes in ELBOW LAKE, MN 56531 spend an average of 56 days on the market before going under contract, compared to 16 days the prior year.
Based on current inventory and days-on-market data as of March 2026, ELBOW LAKE, MN 56531 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 16 days last year.
With SELL123.com's maximum 3% commission, sellers in ELBOW LAKE, MN 56531 save an estimated $4,898 compared to a typical 5% commission on the median listing price of $244,900. 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.