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, 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. Lead a listing appointment with the median price and the 79-day pace, show the year-over-year direction, and frame 55054 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 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.