Comprehensive market data and analysis• Updated Dec 2025
30.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | 1 | 1 | 1 | 2 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 1 | 8 |
Acreage buckets
The median price for land in Elko New Market, Minnesota is currently $36K per acre. For a typical parcel, the median sale price is $235K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $60K while premium lots reached $1.0M.
Elko New Market, Minnesota is currently a strong buyer's market with 30.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elko New Market, Minnesota currently has 30.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 10 active listings in Elko New Market, Minnesota. 1 new listings have hit the market in the last 90 days. The median asking price is $138K.
The 3-month absorption rate in Elko New Market, Minnesota is 3.3%. The 12-month rate is 6.7%. 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 8 properties sold, totaling $3.2M in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Elko New Market, Minnesota typically sells within 32 days of listing. The median time on market is 10 days. Properties are moving quickly in the current strong buyer's market.
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.
