Is Elkton, MN 55933 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Elkton is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Elkton housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Mower County, MN

Population	215
Median income	$56,250
Average income	$92,973
Median home value	$221,100
Median rent	$875/month
Owner-occupied	93% of homes
Median year built	1967

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 55933; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 55933

Prefilled for 55933Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55933Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Adams 55909Seller’s market $122 /sq ft Austin 55912Seller’s market $137 /sq ft Brownsdale 55918Seller’s market $104 /sq ft Dexter 55926 — /sq ft Browse all markets →

Where Elkton is

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Questions about Elkton real estate

What are property taxes in Elkton?

About 1.03% of a home’s value a year in Mower County, or roughly $4,120 on a $400,000 home.

Local agents

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More tools for 55933

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Mower County property taxes Mower County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology