Updated May 2026 · Redfin · 3-month window
55054 Real Estate Market Update: Elko New Market, MN, May 2026
The latest housing-market numbers for ZIP code 55054 in Elko New Market, Minnesota, for May 2026: a $450K median sale price, straight from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $450K | ▲ +5.0% | ▲ +0.8% |
| Days on market | 79 | ▲ +20.8% | ▲ +3.3% |
| Homes for sale | 13 | ▼ -40.9% | ▼ -13.3% |
| Sale-to-list | 98.9% | ▲ +0.6% | ▲ +2.5% |
| Homes sold | 20 | ▼ -13.0% | ▲ +81.8% |
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 55054 numbers say
The 55054 ZIP in Elko New Market is leveling off. The median sale price is $449,947, roughly flat year over year. The market has loosened: a typical listing now takes around 79 days to go under contract, with sellers getting 98.9% of list price.
Based on 20 recent sales, 55054 is currently an active market.
What this means if you sell in 55054
Use these figures to set expectations early with each client. Lead a listing appointment with the $450K median price and the 79-day pace, show the year-over-year direction, and frame 55054 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 55054 market
We built LOKAL to pull 55054's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $450K median sale price, +0.8% year over year, a 98.9% sale-to-list ratio and a +5.0% month-over-month move across 20 recorded sales. That compares with roughly $446K a year earlier, in 2025. We refresh every ZIP monthly and only publish once a ZIP clears at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Redfin has published ZIP-level market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 55054 — population, median household income, owner-occupancy — see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the Elko New Market post →Frequently asked: the 55054 housing market
- What is the median home price in ZIP 55054 (Elko New Market, MN)?
- As of May 2026, the median sale price in ZIP 55054 is $449,947 (+0.8% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 55054 a buyer's or seller's market right now?
- ZIP 55054 is currently an active market, based on a 98.9% sale-to-list ratio, about 79 days on market for May 2026.
- How long do homes take to sell in ZIP 55054?
- A typical listing in 55054 goes under contract in about 79 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 55054 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.