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Elk River, MN 55330 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Elk River, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 6868PendingPending sales: 77
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): $480k$480kSoldMedian sold price (last 6 months): $443k$443k
What homes actually sell for in Elk River, MN
Distribution of 507 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $507k
$238k to $291k: 57 sales$238k$291k to $343k: 37 sales$343k to $396k: 68 sales$343k$396k to $449k: 81 sales$449k to $502k: 109 sales109sales$449k$502k to $554k: 51 sales$554k to $607k: 35 sales$554k$607k to $660k: 18 salesMedian $443k

What the numbers say

As of October 5, 2026, Resideline is tracking 68 active listings and 7 pending sales in ZIP code 55330. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $480,000, while the median of the 507 closed sales Resideline tracked over the last six months was $443,000. 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 70 days.

Frequently asked questions

What is the median home price in 55330?

The median closed sale price in Elk River, MN 55330 was $443,000 over the last six months, based on 507 closed sales tracked by Resideline. The middle half of those sales ranged from $350,000 to $507,250.

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

Resideline is currently tracking 7 pending sales against 68 active listings in 55330, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55330 currently looks like a balanced market.

Nearby ZIP code market data

Full Elk River, MN housing market report →

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