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Prior Lake Real EstateMark Gores · RE/MAX Advantage Plus

Elko New Market, MN housing market

Elko New Market home prices and market data computed from closed MLS sales, the same method as the Prior Lake dashboard. Median sale price $475K over the last six months, 18 days on market, 118 closed sales in the last 12 months.

Median sale price
$475K
Up 6.5% from a year earlier
Median days on market
18
Down from 27 days a year earlier
Sale-to-list
99.5%
Up 0.1 points from a year earlier
Price per sq ft
$210
Up 3.4% from a year earlier
Months of supply
6.5
64 for sale, 118 sold in the last 12 months
For sale now
64
17 under contract

Negotiating room

List-to-sale gap
0.5%
Down from 0.7% in the prior 12 months

Average distance from list price down to sale price, last 12 months. Higher means buyers got more off the asking price.

Sold over asking
24.6%
Down from 29.9% in the prior 12 months

Share of sales that closed over the asking price in the trailing 12 months.

What's your Elko New Market home worth?

Send the address, and Mark Gores of RE/MAX Advantage Plus will email you a number based on recent Elko New Market sales.

One email with the numbers.

Price trend

$400K$425K$450K$475K$500K$525KNovDecJanFebMarAprMayJunJulAugSep

Median sale price by month, last 12 months. Months with fewer than 4 sales are left out.

How Elko New Market compares to Prior Lake

The median Elko New Market sale price runs 11.2 percent below Prior Lake over the last six months. Homes in Elko New Market go under contract about 1 day faster than Prior Lake. Sales over asking are less common than in Prior Lake, with 24.6% of Elko New Market sales closing over list in the last 12 months against 26.8% in Prior Lake.

Want the sold prices in Elko New Market?

Leave your name and email, and Mark Gores of RE/MAX Advantage Plus will pull the recent Elko New Market sales from the MLS and send them to you.

One email with the numbers.

Common questions

What's the median home price in Elko New Market, MN?

The median sale price in Elko New Market over the last six months is $475K, based on closed MLS sales. That's 6.5% higher than the same window a year earlier.

How fast do homes sell in Elko New Market?

Median days on market in Elko New Market is 18 days over the last six months. That's about 1 day faster than Prior Lake.

Do homes in Elko New Market sell over asking price?

24.6% of Elko New Market sales closed over list price in the last 12 months. The average sale-to-list ratio is 99.5% of asking.

Data from NorthstarMLS via MLS Grid, refreshed twice daily. Current period = last 6 months, compared to the same window a year earlier. The list-to-sale gap and the share sold over asking use the trailing 12 months against the prior 12 months. Months of supply is the number of homes for sale now divided by the average number of home sales a month over the last 12 months. No median, average or comparison is shown on fewer than 4 sales. Metrics are aggregates of closed residential sales; individual sold properties are not displayed.

Mark Gores, RE/MAX Advantage Plus
Talk to Mark · Mark Gores, RE/MAX Advantage Plus

Questions about the Prior Lake market?

Reach Mark Gores of RE/MAX Advantage Plus directly. He can put any number on this site in context for your street or your house.

Mark Gores, RE/MAX Advantage Plus
Mark Gores, RE/MAX Advantage Plus

I built this site so anyone can see the Prior Lake market the way I do: every listing and every sale from the NorthstarMLS feed, updated twice a day. If a number here matters for a decision you’re making, ask me about it.

NorthstarMLS through the MLS Grid feed, filtered to Prior Lake. Every number on this site is computed from the listing and sale records themselves.

Updated Oct 10, 2026