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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

$505,021

AVERAGE PRICE OF 103 HOMES

$2,069,667

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$518,430

AVERAGE PRICE OF 51 NEWLY BUILT HOMES

$640,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$466,626

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $505,021
Avg Bedrooms 2.85 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

2 bedrooms $523,024
3 bedrooms $454,749
4 bedrooms $574,690
5 bedrooms $571,524
Elko New Market Home Price Trends
  9/2026 8/2026 7/2026 6/2026 5/2026
Total Listings n/a 101 94 n/a n/a
Average Price n/a $530,040 $528,949 n/a n/a
Avg Price Change n/a +0.21% n/a n/a n/a
Median Price n/a $497,599 $500,084 n/a n/a
Med Price Change n/a -0.50% n/a n/a n/a
Avg Bedrooms n/a 3.01 beds 2.93 beds n/a n/a
Avg Bathrooms n/a 2.36 baths 2.37 baths n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 103 $505,021 88 days
Multi-Million Dollar Homes 3 $2,069,667 103 days
Newly Built Homes 51 $518,430 90 days
Homes with a Pool 1 $640,000 57 days
Reduced Price Homes 3 $466,626 20 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 October 11, 2026 6 AM. 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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