Active Listings
12
⇩ 20% vs 15 last year
Data as of September 2026. Source: Realtor.com.
The ELBOW LAKE, MN real estate market (56531) currently shows 12 active listings, with 3 pending sales. Homes are averaging 119 days on the market before going under contract.
Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 119 days on market compared to 32 days last year.
The median listing price has fallen 16.4% year-over-year, from $262,950 to $219,900.
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 September 2026, there are 12 active listings in ELBOW LAKE, MN (zip code 56531), compared to 15 the prior year.
The median listing price in ELBOW LAKE, MN 56531 is $219,900 as of September 2026, a 16.4% decrease from $262,950 the prior year.
Homes in ELBOW LAKE, MN 56531 spend an average of 119 days on the market before going under contract, compared to 32 days the prior year.
Based on current inventory and days-on-market data as of September 2026, ELBOW LAKE, MN 56531 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 119 days on market compared to 32 days last year.
With SELL123.com's maximum 3% commission, sellers in ELBOW LAKE, MN 56531 save an estimated $4,398 compared to a typical 5% commission on the median listing price of $219,900. 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.