Homes for Sale in Elk River, MN

Here is where the Elk River market stood in September 2026. The median sale price has decreased by 4% from last year to $373,100, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling. Homes are selling 9 days longer than last year, averaging 59 days on market, and sellers are receiving 99.1% of their original asking price. The area is currently a balanced market with 3.1 months of supply. Active inventory is down 9% from last year to 107 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Elk River, homes were most commonly built in 2000-2009, about 79% of occupied homes are owner-occupied, and the average commute is 27 minutes. Roughly 68% of homes are single-family detached, and the median home was built in 1997.

Homeowners with a mortgage typically spend $2,075 a month on housing costs, similar to the Twin Cities metro and the median property tax bill is $4,296 a year.