Updated May 2026 · Redfin · 3-month window
55020 Real Estate Market Update: Elko New Market, MN, May 2026
The latest housing-market numbers for ZIP code 55020 in Elko New Market, Minnesota, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $545K | ▼ -9.2% | ▲ +6.9% |
| Days on market | 40 | • 0.0% | ▼ -20.0% |
| Homes for sale | 28 | ▼ -9.7% | ▲ +33.3% |
| Sale-to-list | 99.1% | ▼ -0.3% | ▼ -0.5% |
| Homes sold | 27 | ▲ +80.0% | ▲ +28.6% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 55020 numbers say
Prices in Elko New Market's 55020 ZIP are still climbing. The median sale price reached $545,000, up 6.9% year over year. Pace is steady: a typical listing goes under contract in about 40 days, with sellers getting 99.1% of list price.
Based on 27 recent sales, 55020 is currently an active market.
What this means if you sell in 55020
Use these figures to set expectations early. Lead a listing appointment with the median price and the 40-day pace, show the year-over-year direction, and frame 55020 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Elko New Market post →Frequently asked: the 55020 housing market
- What is the median home price in ZIP 55020 (Elko New Market, MN)?
- As of May 2026, the median sale price in ZIP 55020 is $545,000 (+6.9% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 55020 a buyer's or seller's market right now?
- ZIP 55020 is currently an active market, based on a 99.1% sale-to-list ratio, about 40 days on market for May 2026.
- How long do homes take to sell in ZIP 55020?
- A typical listing in 55020 goes under contract in about 40 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 55020 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.