Homes for Sale in Elk River, MN

Here is where the Elk River market stood in August 2026. Home values are holding steady within one percent of last year, with a median sale price of $420,000. Homes are selling 20 days more quickly than last year, averaging 45 days on market, and sellers are receiving 100.5% of their original asking price. The area is currently a seller's market with 2.8 months of supply. Active inventory is down 18% from last year to 98 homes for sale.

In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.

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.