Elk River's median sale price was $373,100 last month, with 34 homes closing.
The twelve-month view agrees. Median across the year was $392,000, down 2.5 percent, so the month is telling the same story the year is.
How long homes are taking
The month and the year are telling different stories here, so both are worth knowing. In September the typical Elk River home took 59 days against 50 a year ago, a real jump. Across the full twelve months the pace has held closer to steady at 59 days versus 57. One slow month is not a trend, but sellers still got 99.1 percent of their original asking price last month, which is the kind of number that usually shows up before a trend does. Worth watching rather than worth panicking over.
How much is for sale
There were 107 homes on the market at the end of September against 117 a year ago, which works out to 3.1 months of supply. That is still tilted toward sellers, with more room than a year ago. There is less on the market than there was a year ago.
How Elk River sits inside Sherburne County
Countywide the median was $400,000 last month and homes took 46 days to sell. Elk River came in at $373,100 and 59 days, so under the county median and moving slower than the county pace. Across the metro as a whole the median was $395,000 with 48 days on market.
| Metric | Sep 2025 | Sep 2026 |
|---|---|---|
| Homes sold | 38 | 34 |
| New listings | 57 | 50 |
| Median sale price | $387,450 | $373,100 |
| Days on market | 50 | 59 |
| Percent of asking received | 97.8% | 99.1% |
| Homes for sale | 117 | 107 |
| Months supply | 3.3 | 3.1 |
| Metric | 2025 | 2026 |
|---|---|---|
| Homes sold | 427 | 414 |
| Median sale price | $402,000 | $392,000 |
| Days on market | 57 | 59 |
| Percent of asking received | 99.1% | 98.7% |
Data source: Minneapolis Area REALTORS®, from NorthstarMLS. Figures current as of October 7, 2026. Percentages are calculated from the published figures and may differ slightly from the report's own rounding.