Housing Prices in Elgin, MN
How much do homes in Elgin, MN cost?
Median List Price
$299,900
$158/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Summary: The median home list price in Elgin was $299,900 in March 2024, up 3.4% from the previous year, and the median price per square foot was $158.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.5K | $299.9K | +41.1% |
3 Bedrooms | $289.9K | $280K | -3.4% |
4 Bedrooms | $307.5K | $300K | -2.4% |
5+ Bedrooms | $347.9K | $330K | -5.1% |
Summary: Elgin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 5.1%.
Median List Price Compared To Nearby Cities
Farmington Township | $365K | $400.2K | +9.7% |
Elgin | $289.9K | $299.9K | +3.4% |
Elgin | $289.9K | $299.9K | +3.4% |
Elgin Township | $295K | $299.9K | +1.7% |
Housing Supply in Elgin, MN
How many homes are available in Elgin, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Elgin real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Elgin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Elgin, MN
How long does it take to sell a home in Elgin, MN?
Average Listing Age
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 99 Days | +73.9% |
Summary: Homes in Elgin had an average listing age of 99 days in Mar 2024, up by 73.9% compared to the previous year.