Elk River, MN Housing Market 2026: What Homes Actually Sell For
What homes actually sell for in Elk River: a median closing price of $389,900 across 227 closings Resideline tracked over the last six months, plus the full price spread.
If you invest in or around Elk River, the number that matters is what homes actually close for, not what sellers are asking. Here is what Elk River sale prices look like right now, built from the closings Resideline tracked over the last six months, as of September 2026.
The snapshot
- •Closings tracked, last 6 months: 227
- •Median sold price, last 6 months: $389,900
- •Median sold $/sqft, last 6 months: $178
- •Middle half of sales closed between: $331,251 and $475,000
What the numbers say
Resideline tracked 227 closed sales in Elk River over the last six months, with a median closing price of $389,900. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $331,251 and $475,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 226 closings with usable living area, the middle half sold between $160 and $218 per square foot.
Figures last updated September 6, 2026 from closings Resideline tracked.
Median home price in Elk River, MN (September 2026)
The median home price in Elk River is $389,900, measured across the 227 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $331,251 and $475,000.
Where Elk River sale prices land
Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Elk River over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $331,251 and $475,000. Among the 55 Minnesota markets with a published band, Elk River's middle-half spread ($331,251 to $475,000) ranks 9th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 15th percentile of the 2,187 US markets in Resideline's national Market Watch set, on data as of September 4, 2026.
How long a sale takes here
- •Listed to under contract: a median of 17 days, across 184 Elk River closings Resideline tracked in the last six months
- •Contract to closing: a median of 29 days, across 182 Elk River closings Resideline tracked in the last six months
The Elk River angle
Elk River's closed record over the last six months holds 227 tracked sales, a median sale price of $389,900, and a middle half between $331,251 and $475,000, tighter than most markets we track. Markets with compact bands reward a specific habit: deciding, before you price, whether the subject is an ordinary local sale. In Elk River, ordinary means closing inside a fairly narrow corridor, so if the property fits that description, the median plus careful comp adjustments gets you most of the way. If it does not fit, the narrow band will make the mismatch visible early, and the honest move is to strengthen your evidence, more closely matched closed sales and clearer documentation of differences, before committing to a number outside the band.
From market read to offer price
A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.
And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.
Run any Elk River address through Resideline and you will see the local market and the property's value together, in one report.
Cite this
Using these numbers? Please cite the source and the sample size:
Source: Resideline Market Watch
Market: Elk River, MN
Geography: incorporated municipality, Census place 2718674
Data updated: September 2026
Analysis period: last six months
Tracked closings: 227
Median sold price: $389,900
Median sold $/sqft: $178 (226 qualifying)
https://resideline.com/blog/elk-river-mn-housing-market
Writing about this market? Paste this into your post:
<a href="https://resideline.com/blog/elk-river-mn-housing-market">
<img src="https://resideline.com/images/embed/elk-river-mn.png" alt="Elk River, MN home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/elk-river-mn-housing-market">Resideline Market Watch</a></p>
The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.
Every local market figure on this page is computed from closed sales Resideline tracked in Elk River over the last six months, and is refreshed when the data is. The closings we track within the Elk River city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 11% of the 227 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $400,000.
Frequently Asked Questions
What is the median home price in Elk River?
The median sold price in Elk River over the last 6 months is $389,900, measured across 227 closings Resideline tracked.
How many homes sold in Elk River last month?
Resideline tracked 26 closed sales in Elk River in August 2026, out of 227 closings tracked over the last six months. These are tracked samples of market activity, not official county totals.
What is the typical sale price range in Elk River?
The middle half of Elk River sales over the last six months closed between $331,251 and $475,000, with a median of $389,900.
What is the typical price per square foot in Elk River?
Among qualifying Elk River closings Resideline tracked over the last six months, the median sold price per square foot was $178, measured across 226 sales with usable living area. Median is used rather than average because outliers distort the mean.
What does a tighter-than-most band mean for Elk River buyers?
It means the market's middle is compact: half of tracked Elk River closings landed between $331,251 and $475,000, a tighter range than most markets we track. That makes $389,900 a genuinely useful reference for an ordinary home, while anything priced well outside the band is making a specific claim that matched closed sales should back up.