Comprehensive market data and analysis• Updated Dec 2025
13.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 2 | 2 | 2 |
Acreage buckets
The median price for land in Elgin, Minnesota is currently $10K per acre. For a typical parcel, the median sale price is $987K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $860K while premium lots reached $1.1M.
Elgin, Minnesota is currently a strong buyer's market with 13.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elgin, Minnesota currently has 13.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in Elgin, Minnesota is 7.4%. The 12-month rate is 1.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Elgin, Minnesota is 7.4% (3-month basis), indicating slow demand. The top-performing broker in this market is Tony Montgomery Realty & Auction.
The median land price in Elgin, Minnesota stands at $987K. This translates to roughly $10K per acre for the typical parcel size.
Land in Elgin, Minnesota averages $10K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 97.6 acres.
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.
