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ZIP 56531 in Elbow Lake, MN: housing market trends

The median home sale price in ZIP 56531 in Elbow Lake, MN was $221,685 for the three-month period ending September 2026. Sale prices were 13.3% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$221,685
three-month period ending September 2026
Median sale price per sq ft
$109.05
three-month period ending September 2026
Active listings
17
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 17 active listings for the three-month period ending September 2026. Active listings were 29.2% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 43 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 56531 in Elbow Lake, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$221,685$109.0512
Single-familySeptember 2026$221,694$109.0512
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 56531 in Elbow Lake, MN
MarketMedian sale priceReporting period / source
Elbow Lake, MNUnavailableMonth ending unavailable date · Zillow
Barrett, MN$235,5003 months ending June 2026 · Redfin
Ashby, MN$256,5003 months ending August 2026 · Redfin
Dalton, MN$75,9643 months ending September 2026 · Redfin
Evansville, MN$59,8713 months ending September 2026 · Redfin
Hoffman, MN$249,8813 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 56531 in Elbow Lake, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$221,685$109.0517
August 2026$221,750$103.5022
July 2026$227,500$108.8127
June 2026$230,000$104.5727
May 2026$221,250$101.7128
April 2026$196,250$95.5729
March 2026$176,250$95.5725
February 2026$247,450$92.8620
January 2026$265,450$121.4919
December 2025$258,900$164.6321
November 2025$200,000$164.6324
October 2025$178,000$137.6124
September 2025$195,700$136.9924
August 2025$187,800$138.8724
July 2025$187,800$128.0023
June 2025$156,450$115.3917
May 2025$147,900$104.6814
April 2025$147,500$103.0513
March 2025$122,450$93.3311
February 2025$85,200$64.366
January 2025$210,000$91.785
December 2024$205,000$91.788
November 2024$205,000$98.568
October 2024$167,400$99.009

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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