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Elk River, MN 55330 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Elk River, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 7070PendingPending sales: 1010
Elk River, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $488k$488kSoldMedian sold price (last 6 months): $440k$440k
What homes actually sell for in Elk River, MN
Distribution of 488 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $510k
$238k to $290k: 53 sales$238k$290k to $342k: 38 sales$342k to $395k: 62 sales$342k$395k to $447k: 83 sales$447k to $499k: 88 sales88sales$447k$499k to $551k: 60 sales$551k to $603k: 37 sales$551k$603k to $656k: 18 salesMedian $440k

What the numbers say

As of October 26, 2026, Resideline is tracking 70 active listings and 10 pending sales in ZIP code 55330. That pending-to-active ratio of 0.14 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $488,384, while the median of the 488 closed sales Resideline tracked over the last six months was $440,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55330 for 74 days.

Frequently asked questions

What is the median home price in 55330?

The median closed sale price in Elk River, MN 55330 was $440,000 over the last six months, based on 488 closed sales tracked by Resideline. The middle half of those sales ranged from $350,000 to $509,990.

Is 55330 a buyer's or seller's market?

Resideline is currently tracking 10 pending sales against 70 active listings in 55330, a pending-to-active ratio of 0.14. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 55330 is currently a faster-moving market.

Nearby ZIP code market data

Full Elk River, MN housing market report →

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