Comprehensive market data and analysis• Updated Dec 2025
11.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 4 | 5 | 8 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 2 | 7 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 5 | 8 | 19 |
Acreage buckets
The median price for land in Elk River, Minnesota is currently $138K per acre. For a typical parcel, the median sale price is $160K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $95K while premium lots reached $494K.
Elk River, Minnesota is currently a buyer's market with 11.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 65.0% year-over-year.
Elk River, Minnesota currently has 11.4 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Elk River, Minnesota is 8.8%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Elk River, Minnesota saw 19 properties sold, totaling $5.9M in sales volume. In just the last 3 months, 5 properties changed hands.
Land in Elk River, Minnesota averages $178K per acre. The median price per acre is $138K, which may be more representative of typical transactions. Most parcels sold are around 2.5 acres.
There are currently 19 active listings in Elk River, Minnesota. 6 new listings have hit the market in the last 90 days. The median asking price is $200K.
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.
