Elk River Real Estate Market Reports
Published monthly figures and local context for Elk River.
Latest published report
September 2026
In September 2026, the median sale price in Elk River was $373,100, down 3.7% from a year earlier.
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.
Market trends in Elk River
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| October 2024 | $364,900 | 39 | 52 | 3.7 |
| November 2024 | $467,099 | 20 | 90 | 3.3 |
| December 2024 | $401,250 | 32 | 71 | 2.7 |
| January 2025 | $385,000 | 23 | 67 | 2.5 |
| February 2025 | $415,450 | 28 | 101 | 2.4 |
| March 2025 | $376,950 | 26 | 69 | 2.8 |
| April 2025 | $430,900 | 35 | 59 | 3.2 |
| May 2025 | $365,000 | 42 | 30 | 3.5 |
| June 2025 | $405,000 | 45 | 22 | 3.7 |
| July 2025 | $419,900 | 49 | 54 | 3.4 |
| August 2025 | $420,000 | 50 | 65 | 3.4 |
| September 2025 | $387,450 | 38 | 50 | 3.3 |
| October 2025 | $379,900 | 33 | 59 | 2.8 |
| November 2025 | $405,850 | 30 | 85 | 2.2 |
| December 2025 | $387,000 | 35 | 60 | 1.8 |
| January 2026 | $438,400 | 20 | 66 | 1.8 |
| February 2026 | $382,450 | 26 | 66 | 1.8 |
| March 2026 | $407,450 | 24 | 72 | 2.1 |
| April 2026 | $438,500 | 27 | 55 | 2.2 |
| May 2026 | $379,750 | 48 | 62 | 2.3 |
| June 2026 | $380,500 | 48 | 34 | 2.6 |
| July 2026 | $437,200 | 48 | 61 | 2.6 |
| August 2026 | $420,000 | 33 | 45 | 2.8 |
| September 2026 | $373,100 | 34 | 59 | 3.1 |
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Data: NorthstarMLS Local Market Update via 10K Research, published October 12, 2026.