The Elko New Market housing market is somewhat competitive. The median sale price of a home in Elko New Market was $468K last month, up 4.1% since last year. The median sale price per square foot in Elko New Market is $179, up 6.5% since last year.
What is the housing market like in Elko New Market today?
In June 2025, Elko New Market home prices were up 4.1% compared to last year, selling for a median price of $468K. On average, homes in Elko New Market sell after 80 days on the market compared to 28 days last year. There were 9 homes sold in June this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$468,405
+4.1% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Elko New Market, MN
$468,405
+4.1%
United States
To compare other locations to the Elko New Market and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elko New Market add value to a home.
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How hot is the Elko New Market housing market?
Elko New Market is somewhat competitive. Homes sell in 37 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 37 days.
Hot homes
can sell for about 1% above list price and go pending in around 18 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Elko New Market, MN
98.9%
+0.09 pt
United States
Elko New Market Migration & Relocation Trends
In Feb '25 - Apr '25, 22% of Elko New Market homebuyers searched to move out of Elko New Market, while 78% looked to stay within the metropolitan area.
Where are people moving to Elko New Market from?
Across the nation, 0.77% of homebuyers searched to move into Elko New Market from outside metros.
Albuquerque homebuyers searched to move into Elko New Market more than any other metro followed by Miami and New York.
Where are people from Elko New Market moving to?
78% of Elko New Market homebuyers searched to stay within the Elko New Market metropolitan area.
Brainerd was the most popular destination among Elko New Market homebuyers followed by Cape Coral and Duluth.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Elko New Market housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elko New Market.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elko New Market has a minor risk of flooding. 91 properties in Elko New Market are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Elko New Market. Flood risk is increasing faster than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elko New Market has a moderate risk of wildfire. There are 64 properties in Elko New Market that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Elko New Market.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Elko New Market has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Elko New Market is most at risk from tornadoes. 2,002 properties in Elko New Market have some risk of being in a severe wind event within the next 30 years.