Elk River Home For Sale

The Elk River real estate market is located in Minnesota’s Sherburne County which is just about 30 minutes northwest of the Twin Cities metropolitan area. The Elk River community offers a small town atmosphere for those buyers who are looking for a simpler way of life when they come home from work each night. There are about 20,000 residents in the Elk River community and many of them commute to Minneapolis or St. Paul by using US Route 169 and 10. I use Minnesota State Highway 101 for my commute but there are several ways to go to get to work on time.

There are eight schools in the Elk River area. The two high schools – Spectrum High School and Elk River High School – are for the older students. For younger students like my kids, there are four elementary schools and two middle schools available in the area. We would rate the teachers very highly simply based on the success that my kids have enjoyed since they were enrolled in the Elk River elementary schools.

Elk River Real Estate Info: Prices of Homes in Elk River MN

Elk River neighborhoods are plentiful and varied. The Ridges of Rice Lake is one of the more prominent Elk River neighborhoods because it is surrounded by trees and other natural features. It is also just a short walk away from several schools, including VanderBerge Middle School and Meadowvale Elementary School. Other Elk River MN neighborhoods include North Meadows, Meadowoods Village, Woodland Hills, The Woods at Hillside and several others. Rolling Hills is another great Elk River neighborhood with easy access to Bear Lake and Burns Lake.

The Elk River real estate market offers a number of homes for a variety of budgets. You can find dozens of homes on the Elk River real estate market priced below $100,000 for buyers on a strict home buyer budget. The majority of the homes that are available in the city are in the range between $100,000 and $250,000, which are moderate prices based on homes in the surrounding areas. There is also a good number of homes in the $250,000 range and beyond for modern features and larger areas of land.

Elk River Real Estate News: March Elk River Home Sales

In March, 2012 the 22 closed sales were lower year over year in Elk River it was down by -9 houses. Elk River median sales prices of real estate dropped -10.3% mo/mo in March that something we are monitoring and talking about at the Elk River Real Estate Group. March, 2012 the average number of days a home was for sale in Elk River was up to 157 days it was down -48 days on average in the past year. With 4.6 months of inventory for sale in Elk River which was reported March call and expert at,Elk River Real Estate Group. Elk River is now at 142 for days of inventory for sale in March that was lower vs last year, as a percentage it was down -28.3%. The Elk River Real Estate Team was talking about new listings for the month of March 2012, they were up 14 homes to a total of 51. The average real estate sales price of $147,710 in March was lower y/y in Elk River as a percentage it was down -2.1%. In the current real estate market in Elk River homeowners are receiving, 88.9% from the original list pric, which is down from 88.6% a year ago.