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Featured local agent — Elizabeth, MN
Sarah Mitchell
Compass Real Estate · Elizabeth, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elizabeth, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$245,000median sale price
How is the Elizabeth, MN housing market right now?
The median home sale price in Elizabeth, MN is $245,000. Homes sell in an average of 3 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elizabeth a buyer's or seller's market?
Elizabeth, MN is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 3 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
3
Fast-moving
Active listings
1
1.0 months supply
Sale-to-list
98.4%
Below asking
What does the Elizabeth housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $245,000 |
| Median list price | $274,900 |
| Average days on market | 3 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $81/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elizabeth by property type?
How the Elizabeth, 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 | $245,000 | $81/sq ft | 1 | 3 days |
Source: Redfin · Updated monthly
The Elizabeth housing market is currently classified as a strong seller's market with a median sale price of $245,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 3 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 Elizabeth
There are currently 1 homes listed for sale in Elizabeth, Minnesota. The median listing price is $275K.
Active listings
1
Homes on market
Median list price
$275K
Avg. days on market
3
Days until sale
New this week
1
Newly listed
Who lives in Elizabeth?
Population
154
Median income
$62,500/yr
Median age
31 years
Owner-occupied
82.8%
College grads
5.3%
Avg commute
15.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Elizabeth?
Elizabeth is a community of approximately 0K residents with a median age of 31 years.The median household income is $62,500, which represents a working-class community with solid middle-income opportunities. 5.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elizabeth offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elizabeth, MN?
Want a head-to-head view? Compare Elizabeth side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elizabeth?
The median home sale price in Elizabeth is $245,000, down 0.0% from last year.
How long do homes stay on market in Elizabeth?
Homes typically spend 3 days on market before going under contract.
What is the median income in Elizabeth?
The median household income is $62,500 per year.
Is Elizabeth a buyer's or seller's market?
With 1.0 months of supply, Elizabeth is currently a strong seller's market.
How much does a single-family home cost in Elizabeth?
The median single-family home price in Elizabeth, MN is $245,000 (about $81 per square foot).
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