Comprehensive market data and analysis• Updated Oct 2026
999.0 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 | - | - | 1 | 2 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 0 | 0 | 2 | 6 |
Acreage buckets
The median price for land in Elko New Market, Minnesota is currently $20K per acre. For a typical parcel, the median sale price is $623K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $271K while premium lots reached $2.7M.
There are currently 18 active listings in Elko New Market, Minnesota. 5 new listings have hit the market in the last 90 days. The median asking price is $100K.
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.
Over the past 12 months, Elko New Market, Minnesota saw 4 properties sold, totaling $5.0M in sales volume.
Land in Elko New Market, Minnesota typically sells within 22 days of listing. The median time on market is 22 days. Properties are moving quickly in the current strong buyer's market.
The median land price in Elko New Market, Minnesota stands at $623K. This translates to roughly $20K per acre for the typical parcel size. The average price is $1.2M, indicating some higher-priced properties pulling up the average.
The top-performing broker in this market is Edina Realty, Inc..
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Elko New Market on LandyDandy.
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