Unshakable ZIP Data 56531 | Elbow Lake, MN Housing Market
Elbow Lake · Grant County · Minnesota · Data updated June 19, 2026
The median sale price in ZIP 56531, Elbow Lake, Minnesota is $221,184 at $102 per square foot. 12 single-family homes sold in the latest period, up 147.1 percent from a year earlier. Homes sit a median of 40 days on market with 3.7 months of supply. Sellers are getting 94.6 percent of list price and 8.3 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $206,996 | |
| Average price per sq ft | $95 | |
| Median sale price | $221,184 | |
| Median sale price per sq ft | $102 | |
| Median home size | 2,174 sq ft | |
| Median new listing price | $238,462 | -19.2% |
| National size rank | 17,966 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 12 | +147.1% |
| Median days on market | 40 days | |
| Months of supply | 3.7 months | |
| New listings | 15 | +38.5% |
| Active listings | 28 | +102.6% |
| Pending sales | 15 | +68.9% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 94.6% | -5.5 pts |
| Share sold above list | 8.3% | -11.7 pts |
These figures describe the single-family market for Elbow Lake, Minnesota ZIP 56531. They are market context, not a substitute for sold comps or a formal appraisal.