Comprehensive market data and analysis• Updated Dec 2025
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 2 | 2 |
Acreage buckets
The median price for land in Elbow Lake, Minnesota is currently $29K per acre. For a typical parcel, the median sale price is $43K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $61K.
The 3-month absorption rate in Elbow Lake, Minnesota is 100.0%. The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Elbow Lake, Minnesota typically sells within 143 days of listing. The median time on market is 143 days. Properties are moving slowly in the current very hot seller's market.
Over the past 12 months, Elbow Lake, Minnesota saw 2 properties sold, totaling $85K in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Elbow Lake, Minnesota stands at $43K. This translates to roughly $29K per acre for the typical parcel size.
Land in Elbow Lake, Minnesota averages $29K per acre. The median price per acre is $29K, which may be more representative of typical transactions. Most parcels sold are around 1.6 acres.
The current absorption rate in Elbow Lake, Minnesota is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Century 21 Atwood.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
