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Short Sale Listings in Elko, MN

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Elko, MN Foreclosures

How much do homes sell for in Elko, MN?
The average home price is currently $566,336.
In Elko, MN, how many homes are available?
There are currently 4 active home listings available in Elko.
What’s the average rental cost in Elko, MN?
The average rental price in Elko is $2,098.
What is the most expensive home in Elko?
The most expensive home sold in Elko had a price of $4,300,000.
What is currently the cheapest priced home in Elko, MN?
The cheapest home for sale in Elko is priced at $80,373.

Living in Elko, MN

Elko, MN, is a charming small town with a strong sense of community and rich natural surroundings. With a variety of amenities, great schools, and outdoor activities near the Minnesota River, it's an ideal place to call home. Conveniently located near larger cities, Elko offers both tranquility and connectivity.

Current Market Conditions in Elko, MN

The real estate market in Elko, MN, is currently experiencing steady growth, driven by family-oriented buyers and those seeking peaceful suburban living. Homes are appreciating in value, with a mix of newer developments and charming older homes attracting different segments of the market.

There has been an influx of young families moving to Elko, attracted by its good schools and community-driven activities. As such, the demand for homes continues to rise, leading to competitive offers and a decrease in inventory.

Home Value Estimator For Elko, MN

There are currently 1,570 real estate properties in Elko, MN, with a median automated valuation model (AVM) price of $508,523.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elko, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elko, MN, is $566,336.00, with the most expensive house in Elko, MN, topping out at $4,300,000.00 and the cheapest home in Elko, MN, clocking in at $80,373.00. In other words, there’s something for every potential homebuyer or savvy investor in Elko, MN!

Rent Prices In Elko, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elko, MN, is on a rollercoaster ride. The average rent price in Elko, MN, is $2,098.00. Indeed, when looking to rent in Elko, MN, you can expect to pay as little as $890.00 or as much as $4,160.00, with the average rent median estimated to be $2,020.00. The good news is that finding an affordable and desirable property to rent in Elko, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elko, MN Short Sale Listings

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