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Featured local agent — Elko, NV
Sarah Mitchell
Compass Real Estate · Elko, NV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elko, NV Housing Market & Real Estate
Housing market overview · Updated monthly ·
$360,000median sale price
How is the Elko, NV housing market right now?
The median home sale price in Elko, NV is $360,000, down 12.3% year-over-year. Homes sell in an average of 50 days with 64 active listings. The market is currently a 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 Elko a buyer's or seller's market?
Elko, NV is currently a seller's market, based on 2.2 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
50
Average pace
Active listings
64
2.2 months supply
Sale-to-list
99.3%
Below asking
What does the Elko housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $360,000 |
| Median list price | $380,000 |
| Year-over-year price change | -12.3% |
| Average days on market | 50 days |
| Active inventory | 64 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $210/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 26 |
| Listings with a price cut | 7.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elko by property type?
How the Elko, NV market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $392,500 | $210/sq ft | 22 | 44 days |
| Townhouse | $345,999 | $210/sq ft | 7 | 67 days |
Source: Redfin · Updated monthly
The Elko housing market is currently classified as a seller's market with a median sale price of $360,000. Prices have fallen 12.3% compared to last year, with homes spending an average of 50 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Elko
There are currently 64 homes listed for sale in Elko, Nevada. The median listing price is $380K.
Active listings
64
Homes on market
Median list price
$380K
Avg. days on market
50
Days until sale
New this week
26
Newly listed
Who lives in Elko?
Population
20,624
Median income
$75,630/yr
Median age
34.3 years
Owner-occupied
62.4%
College grads
18.9%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Elko?
Zillow home value
$364,923
Zillow rent index
$1,517/mo
Price-to-rent ratio
20.0x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Elko?
Elko is a community of approximately 21K residents with a median age of 34.3 years.The median household income is $75,630, which reflects a relatively affluent area with strong earning potential. 18.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.4%, showing a blend of owner and renter-occupied properties. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elko offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elko?
14 schools tracked · 5,046 students
The largest public schools serving Elko, NV 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.
Elko High School
Grades 7-12 · 1,433 students
Flagview Intermediate School
Grades 5-6 · 686 students
Adobe Middle School
Grades 7-8 · 681 students
Mountain View Elementary School
Grades K-4 · 555 students
Southside Elementary School
Grades PK-4 · 553 students
Northside Elementary School
Grades PK-4 · 354 students
Grammar School 2
Grades PK-4 · 334 students
Elko Institute for Academic Achievement
Grades K-8 · 309 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elko, NV?
Want a head-to-head view? Compare Elko side-by-side with any other U.S. city using our market-comparison tool.
Is Elko a good real estate investment market?
For investors evaluating Elko, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 12.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elko's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elko's median home price.
Frequently asked questions
What is the average home price in Elko?
The median home sale price in Elko is $360,000, down 12.3% from last year.
How long do homes stay on market in Elko?
Homes typically spend 50 days on market before going under contract.
What is the median income in Elko?
The median household income is $75,630 per year.
Is Elko a buyer's or seller's market?
With 2.2 months of supply, Elko is currently a seller's market.
What is the Zillow home value estimate for Elko?
The Zillow Home Value Index (ZHVI) for Elko is $364,923, representing the typical home value in the area.
How much does a single-family home cost in Elko?
The median single-family home price in Elko, NV is $392,500 (about $210 per square foot).
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