Elbow Lake, MN Housing Market

The Elbow Lake housing market is somewhat competitive. The median sale price of a home in Elbow Lake was $147K last month, up 34.1% since last year. The median sale price per square foot in Elbow Lake is $106, up 1.9% since last year.

Trends
Demand
Migration
Schools
Climate

Elbow Lake Housing Market Trends

What is the housing market like in Elbow Lake today?

$147K

Sale Price

+34.1%
since last year

$106

Sale $/Sq. Ft.

+1.9%
since last year

Under List Price

3.8%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Elbow Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elbow Lake add value to a home.

How hot is the Elbow Lake housing market?

Elbow Lake is somewhat competitive. Homes sell in 60 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 60 days.
Hot homes
can sell for about 1% below list price and go pending in around 18 days.

Compare With Nearby Cities

Fergus Falls

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 12 days.

Ashby

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 1% below list price and go pending in around 13 days.
Hot homes
can sell for around list price and go pending in around 5 days.

See more nearby cities and neighborhoods

Elbow Lake Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Elbow Lake that sold recently

Recently sold homes

SOLD JUN 5, 2025
$319,000 Last Sold Price
5 beds
2 baths
—sq ft
26985 Grandview Rd, Elbow Lake, MN 56531
List Price
$324,900
Sale to List
2% under list
Days on Market
89 days
26985 Grandview Rd, Elbow Lake, MN 56531
SOLD MAY 28, 2025
$147,900 Last Sold Price
3 beds
1 bath
—sq ft
515 7th Ave SE, Elbow Lake, MN 56531
List Price
$140,900
Sale to List
5% over list
Days on Market
299 days
515 7th Ave SE, Elbow Lake, MN 56531
SOLD MAY 14, 2025
$67,000
—beds
—baths
720 sq ft
21 3rd Ave NE, Elbow Lake, MN 56531
List Price
—
Sale to List
—
Days on Market
—
21 3rd Ave NE, Elbow Lake, MN 56531
SOLD MAY 2, 2025
$146,900 Last Sold Price
3 beds
1 bath
—sq ft
411 6th Ave SE, Elbow Lake, MN 56531
List Price
$139,900
Sale to List
5% over list
Days on Market
79 days
411 6th Ave SE, Elbow Lake, MN 56531
SOLD APR 25, 2025
$179,000 Last Sold Price
4 beds
1 bath
—sq ft
415 6th Ave SE, Elbow Lake, MN 56531
List Price
$184,900
Sale to List
3% under list
Days on Market
55 days
415 6th Ave SE, Elbow Lake, MN 56531
SOLD APR 18, 2025
$87,000
—beds
—baths
1,196 sq ft
811 1st St NE, Elbow Lake, MN 56531
List Price
—
Sale to List
—
Days on Market
—
811 1st St NE, Elbow Lake, MN 56531
SOLD APR 9, 2025
$165,000 Last Sold Price
4 beds
2 baths
—sq ft
221 7th Ave SE, Elbow Lake, MN 56531
List Price
$169,000
Sale to List
2% under list
Days on Market
21 days
221 7th Ave SE, Elbow Lake, MN 56531
SOLD APR 7, 2025
$80,000
—beds
—baths
902 sq ft
212 Central Ave N, Elbow Lake, MN 56531
List Price
—
Sale to List
—
Days on Market
—
212 Central Ave N, Elbow Lake, MN 56531
See all recently sold homes in Elbow Lake.
See listings

Schools in Elbow Lake

Learn about schools in the Elbow Lake area

Elementary
Middle
High

GreatSchools Rating

8/10

West Central Area N. Elementary School

Public • PreK-4

179

Students

1 reviews

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 Elbow Lake housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Elbow Lake.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

60% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Elbow Lake

New Listings in Elbow Lake

Nearby City Housing Markets

Zip Code Housing Markets

56531 Housing Market

Nearby City Listings

Zip Code Listings

56531 Real Estate

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