Is Elysian, MN 56028 a buyer’s or seller’s market?

The Elysian housing market right now

In the three months ending August 31, 2026, 11% of homes in Elysian, MN 56028 sold above their list price, the typical home went under contract in 33 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold more slowly (23 days then) and the median sale price fell 9% to $349,849. Overall, Elysian is less competitive than a year ago, which gives buyers more room.

Within Le Sueur County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 75%.

Nearby, buyers who want less competition could look at Kilkenny 56052 (0% sold over asking) or Kasota 56050 (0% sold over asking), while Le Sueur 56058 (32% sold over asking) and Waterville 56096 (29% sold over asking) are even more competitive.