All Home Types
Elk River, MN Housing Market
What is the housing market like in Elk River today?
In February 2025, Elk River home prices were down 2.6% compared to last year, selling for a median price of $407K. On average, homes in Elk River sell after 83 days on the market compared to 60 days last year. There were 25 homes sold in February this year, up from 14 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$406,500
-2.6% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Elk River, MN
$406,500
-2.6%
United States
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Elk River Migration & Relocation Trends
In Dec '24 - Feb '25, 22% of Elk River homebuyers searched to move out of Elk River, while 78% looked to stay within the metropolitan area.
- Across the nation, 0.76% of homebuyers searched to move into Elk River from outside metros.
- Miami homebuyers searched to move into Elk River more than any other metro followed by Albuquerque and Chicago.
Where are people moving to Elk River from?
- 78% of Elk River homebuyers searched to stay within the Elk River metropolitan area.
- Brainerd was the most popular destination among Elk River homebuyers followed by Cape Coral and Duluth.
Where are people from Elk River moving to?
Number of People Moving to Elk River
least
most
People are moving to Elk River from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 698 | ||
| 2 | 688 | ||
| 3 | 494 | ||
| 4 | 428 | ||
| 5 | 365 | ||
| 6 | 317 | ||
| 7 | 278 | ||
| 8 | 178 | ||
| 9 | 153 | ||
| 10 | 122 | ||
People are leaving Elk River for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 359 | ||
| 2 | 285 | ||
| 3 | 208 | ||
| 4 | 150 | ||
| 5 | 123 | ||
| 6 | 68 | ||
| 7 | 56 | ||
| 8 | 38 | ||
| 9 | 35 | ||
| 10 | 33 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Elk River.
Provided by First Street Foundation
Transportation in Elk River
Learn about the walkability, bikeability, and transit-friendliness of Elk River
Car-Dependent
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Somewhat Bikeable
Bike Score®
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