Active Listings
24
⇩ 20% vs 30 last year
Data as of February 2026. Source: Realtor.com.
The ELKO NEW MARKET, MN real estate market (55020) currently shows 24 active listings, with 7 pending sales. Homes are averaging 43 days on the market before going under contract.
Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 43 days on market compared to 32 days last year.
The median listing price has fallen 2.6% year-over-year, from $575,650 to $560,563.
Whether you are buying or selling in ELKO NEW MARKET, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 4,319 · Density: 70.0/mi² · Median household income: $140,417
Typical home value: $419,398 · Homeownership: 99.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55020 | Elko New Market, MN 55020 | 0.0 mi | 21 | $12,303,858 | $559,945 | $585,898 |
| 55088 | Webster, MN 55088 | 3.3 mi | 3 | $2,489,700 | $829,900 | $829,900 |
| 55372 | Prior Lake, MN 55372 | 7.2 mi | 99 | $97,086,825 | $775,000 | $980,675 |
| 56071 | New Prague, MN 56071 | 10.7 mi | 26 | $11,660,480 | $442,450 | $448,480 |
| 55352 | Jordan, MN 55352 | 11.7 mi | 26 | $18,281,562 | $547,611 | $703,137 |
| 55024 | Farmington, MN 55024 | 12.2 mi | 140 | $66,149,860 | $467,000 | $472,499 |
| 55019 | Dundas, MN 55019 | 12.9 mi | 7 | $2,619,260 | $404,950 | $374,180 |
| 55379 | Shakopee, MN 55379 | 14.2 mi | 154 | $80,830,288 | $509,950 | $524,872 |
| 55337 | Burnsville, MN 55337 | 14.6 mi | 82 | $24,152,198 | $270,000 | $294,539 |
| 55437 | Minneapolis, MN 55437 | 17.1 mi | 24 | $7,576,104 | $320,000 | $315,671 |
| 55065 | Randolph, MN 55065 | 17.6 mi | 3 | $1,499,799 | $499,900 | $499,933 |
| 55347 | Eden Prairie, MN 55347 | 18.0 mi | 97 | $85,538,674 | $638,950 | $881,842 |
| 55420 | Minneapolis, MN 55420 | 18.5 mi | 25 | $7,971,300 | $339,900 | $318,852 |
As of February 2026, there are 24 active listings in ELKO NEW MARKET, MN (zip code 55020), compared to 30 the prior year.
The median listing price in ELKO NEW MARKET, MN 55020 is $560,563 as of February 2026, a 2.6% decrease from $575,650 the prior year.
Homes in ELKO NEW MARKET, MN 55020 spend an average of 43 days on the market before going under contract, compared to 32 days the prior year.
Based on current inventory and days-on-market data as of February 2026, ELKO NEW MARKET, MN 55020 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 43 days on market compared to 32 days last year.
With SELL123.com's maximum 3% commission, sellers in ELKO NEW MARKET, MN 55020 save an estimated $11,211 compared to a typical 5% commission on the median listing price of $560,563. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.