Elk River Real Estate Market Report: August 2026
In August 2026, the median sale price in Elk River was $420,000, essentially unchanged from a year earlier.
- Median Sales Price
- $420,000
- +0% vs. August 2025
- Homes for Sale
- 98
- -18.3% vs. August 2025
- Months Supply
- 2.8
- -17.6% vs. August 2025
- Seller's market
- Days on Market
- 45
- -30.8% vs. August 2025
- Closed Sales
- 33
- -34% vs. August 2025
- Percent of Original List Received
- 100.5%
- +1.9 pts vs. August 2025
What this means
Home values are holding steady within one percent of last year, with a median sale price of $420,000.
Homes are selling 20 days more quickly than last year, averaging 45 days on market, and sellers are receiving 100.5% of their original asking price.
The area is currently a seller's market with 2.8 months of supply. Active inventory is down 18% from last year to 98 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Elk River market
Is Elk River a buyer's or seller's market?
Elk River was a seller's market in August 2026, with 2.8 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 98 homes for sale.
How fast are homes selling in Elk River?
Homes that sold in August 2026 spent an average of 45 days on market, 20 days faster than a year earlier. Sellers received 100.5% of their original list price on average.
Are home prices going up in Elk River?
Prices were essentially flat, with a median sale price of $420,000.
Market trends in Elk River
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $385,000 | 31 | 49 | 3.3 |
| October 2024 | $364,900 | 39 | 52 | 3.7 |
| November 2024 | $467,099 | 20 | 90 | 3.3 |
| December 2024 | $401,250 | 32 | 71 | 2.7 |
| January 2025 | $385,000 | 23 | 67 | 2.5 |
| February 2025 | $415,450 | 28 | 101 | 2.4 |
| March 2025 | $376,950 | 26 | 69 | 2.8 |
| April 2025 | $430,900 | 35 | 59 | 3.2 |
| May 2025 | $365,000 | 42 | 30 | 3.5 |
| June 2025 | $405,000 | 45 | 22 | 3.7 |
| July 2025 | $419,900 | 49 | 54 | 3.4 |
| August 2025 | $420,000 | 50 | 65 | 3.4 |
| September 2025 | $387,450 | 38 | 50 | 3 |
| October 2025 | $379,900 | 33 | 59 | 2.8 |
| November 2025 | $405,850 | 30 | 85 | 2.2 |
| December 2025 | $387,000 | 35 | 60 | 1.8 |
| January 2026 | $438,400 | 20 | 66 | 1.8 |
| February 2026 | $382,450 | 26 | 66 | 1.8 |
| March 2026 | $407,450 | 24 | 72 | 2.1 |
| April 2026 | $438,500 | 27 | 55 | 2.2 |
| May 2026 | $379,750 | 48 | 62 | 2.3 |
| June 2026 | $380,500 | 48 | 34 | 2.6 |
| July 2026 | $437,200 | 48 | 61 | 2.6 |
| August 2026 | $420,000 | 33 | 45 | 2.8 |
How Elk River compares with the Twin Cities region
In August 2026, the median sale price in Twin Cities (16-County Region) was $405,000, up 1.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.
Report published .
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