Is Elk River, MN 55330 a buyer’s or seller’s market?

The Elk River housing market right now

In the three months ending August 31, 2026, 30% of homes in Elk River, MN 55330 sold above their list price, the typical home went under contract in 30 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 244 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (30% then), homes sold faster (32 days then) and the median sale price rose 3% to $449,795. Overall, Elk River is about as competitive as it was a year ago.

Within Sherburne County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Elk River ranks #126 of 296 MN ZIP codes with enough sales (score 71 out of 100).

Nearby, buyers who want less competition could look at Saint Cloud 56304 (25% sold over asking), while Zimmerman 55398 (44% sold over asking) and Becker 55308 (36% sold over asking) are even more competitive.