Elk River, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Elk River, MN is $399,950, down 1.6% year-over-year. Homes sell in an average of 38 days with 50 active listings. The market is currently a seller's market.
$399,950median sale price
Is Elk River a buyer's or seller's market?
Elk River, MN is currently a seller's market, based on 1.8 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
38
Average pace
Active listings
50
1.8 months supply
Sale-to-list
99.3%
Below asking
Elk River, MN market data
| Metric | Value |
|---|---|
| Median sale price | $399,950 |
| Median list price | $462,400 |
| Year-over-year price change | -1.6% |
| Average days on market | 38 days |
| Active inventory | 50 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Elk River housing market is currently classified as a seller's market with a median sale price of $399,950. Prices have fallen 1.6% compared to last year, with homes spending an average of 38 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Elk River
There are currently 50 homes listed for sale in Elk River, Minnesota. The median listing price is $462K.
Active listings
50
Homes on market
Median list price
$462K
Avg. days on market
38
Days until sale
New this week
29
Newly listed
Top public schools in Elk River
26 schools tracked · 6,787 students
The largest public schools serving Elk River, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ELK RIVER SENIOR HIGH
Grades 9-12 · 1,602 students
TWIN LAKES ELEMENTARY
Grades K-5 · 716 students
SALK MIDDLE SCHOOL
Grades 6-8 · 677 students
MEADOWVALE ELEMENTARY
Grades K-5 · 548 students
LINCOLN ELEMENTARY
Grades K-5 · 548 students
PARKER ELEMENTARY
Grades K-5 · 526 students
VANDENBERGE MIDDLE SCHOOL
Grades 6-8 · 521 students
SPECTRUM HIGH SCHOOL
Grades 9-12 · 484 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Elk River?
The median home sale price in Elk River is $399,950, down 1.6% from last year.
How long do homes stay on market in Elk River?
Homes typically spend 38 days on market before going under contract.
Is Elk River a buyer's or seller's market?
With 1.8 months of supply, Elk River is currently a seller's market.
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