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Featured local agent — Elba, MN
Sarah Mitchell
Compass Real Estate · Elba, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elba, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Elba, MN housing market right now?
The median home sale price in Elba, MN is $400,000. Homes sell in an average of 14 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elba a buyer's or seller's market?
Elba, MN is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
14
Fast-moving
Active listings
1
1.0 months supply
Sale-to-list
106.7%
Above asking
What does the Elba housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Average days on market | 14 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 106.7% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elba by property type?
How the Elba, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $400,000 | $156/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Elba housing market is currently classified as a strong seller's market with a median sale price of $400,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 14 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Elba
There are currently 1 homes listed for sale in Elba, Minnesota.
Active listings
1
Homes on market
Avg. days on market
14
Days until sale
Who lives in Elba?
Population
82
Median income
$69,583/yr
Median age
54.3 years
Owner-occupied
91.9%
College grads
13.0%
Avg commute
25.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Elba?
Elba is a community of approximately 0K residents with a median age of 54.3 years.The median household income is $69,583, which represents a working-class community with solid middle-income opportunities. 13.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 91.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elba offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elba, MN?
Want a head-to-head view? Compare Elba side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elba?
The median home sale price in Elba is $400,000, down 0.0% from last year.
How long do homes stay on market in Elba?
Homes typically spend 14 days on market before going under contract.
What is the median income in Elba?
The median household income is $69,583 per year.
Is Elba a buyer's or seller's market?
With 1.0 months of supply, Elba is currently a strong seller's market.
How much does a single-family home cost in Elba?
The median single-family home price in Elba, MN is $400,000 (about $156 per square foot).
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