Elgin, MN
Housing market overview · Updated weekly
$282,000median sale price
Homes sold
1
Last 12 weeks
Days on market
199
Average pace
Active listings
4
4.0 months supply
Sale-to-list
83.0%
Below asking
The Elgin housing market is currently classified as a buyer's market with a median sale price of $282,000. Prices have risen 23.7% compared to last year, with homes spending an average of 199 days on market, indicating 4.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Elgin
There are currently 4 homes listed for sale in Elgin, Minnesota. The median listing price is $215K.
Active listings
4
Homes on market
Median list price
$215K
Avg. days on market
199
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Elgin?
The median home sale price in Elgin is $282,000, up 23.7% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 199 days on market before going under contract.
Is Elgin a buyer's or seller's market?
With 4.0 months of supply, Elgin is currently a buyer's market.
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