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Elko New Market

Why you'd want to live in Elko New Market

Living in Elko New Market, Minnesota appeals to those who value space, quiet surroundings, and small-town charm while still staying connected to the Twin Cities. Located just south of the metro along I-35, the city offers an easy commute to Minneapolis and St. Paul while allowing residents to enjoy a more relaxed, rural-suburban lifestyle. Elko New Market is known for larger lots, newer homes, and a strong sense of local pride reflected in community events, schools, and family-oriented amenities. The area is surrounded by farmland, rolling countryside, and nearby trails, making outdoor activities and open views part of everyday life. With steady growth, thoughtful development, and its proximity to employment centers and shopping in nearby cities like Lakeville and Burnsville, Elko New Market provides a balanced environment that combines breathing room, community connection, and convenient access to everything the Twin Cities region has to offer.

Elko New Market Market Report

$532,981

AVERAGE PRICE OF 83 HOMES

$2,505,000

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$514,454

AVERAGE PRICE OF 53 NEWLY BUILT HOMES

$545,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$560,901

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $532,981
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.65 baths

Average Price by Bedrooms

2 bedrooms $502,747
3 bedrooms $479,471
4 bedrooms $546,307
5 bedrooms $587,121
Elko New Market Home Price Trends
  4/2026 3/2026 2/2026 1/2026 12/2025
Total Listings 77 72 69 63 70
Average Price $507,417 $507,419 $490,628 $490,990 $499,802
Avg Price Change 0.00% +3.42% -0.07% -1.79% +0.61%
Median Price $493,605 $487,492 $481,193 $494,974 $505,416
Med Price Change +1.25% +1.31% -2.86% -2.11% +3.25%
Avg Bedrooms 3.54 beds 3.4 beds 3.33 beds 3.17 beds 3.07 beds
Avg Bathrooms 2.77 baths 2.68 baths 2.61 baths 2.5 baths 2.42 baths
Total Homes Average Price Avg Days on Site
All Homes 83 $532,981 85 days
Multi-Million Dollar Homes 2 $2,505,000 38 days
Newly Built Homes 53 $514,454 77 days
Homes with a Pool 1 $545,000 38 days
Reduced Price Homes 9 $560,901 74 days
Patty Zuzek Mn, Wi Broker
801 Cliff Rd E # 135
Burnsville, MN 55337
952-985-7253

Based on information submitted to the MLS GRID as of May 10, 2026 9 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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