Is Ellendale a buyer's or seller's market right now?

Ellendale is currently a buyer's market with 5 months of supply. Homes are selling at 100% of list price. The Ridley Sell Score for Ellendale is 53/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Ellendale?

The median home price in Ellendale is $240,000, up 70.3% year-over-year. The median price per square foot is $146. Homes sell in a median of 12 days with a sale-to-list ratio of 100%.

How much does it cost to sell a home in Ellendale, Minnesota?

On a $240,000 home in Ellendale, a traditional listing agent charges around $7,200 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $19,200 or more. With Ridley Essentials ($999) you save $6,201, and with Ridley Pro ($3,499) you save $3,701 while getting full agent support.

How does Ridley's flat fee compare to a traditional Ellendale agent?

A traditional Ellendale listing agent typically charges 3% of the sale price — about $7,200 on a $240,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $6,201–$3,701 compared to a traditional agent.

How long does it take to sell a home in Ellendale?

The median home in Ellendale currently spends 12 days on the market before going under contract, down 136% from last year. At a 100% sale-to-list ratio, sellers are getting very close to or above asking price. Only 40% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Minnesota?

No. Minnesota does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $240,000 home, that could save you up to $3,701.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Minnesota. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $7,200 commission.

National/Minnesota

Ellendale, MN

Is Now a Good Time to Sell in Ellendale, Minnesota?

The median home in Ellendale sells for $240,000 with prices up 70.3% year-over-year. The average seller pays $7,200 in commissions — Ridley’s flat fee saves you $3,701.

Ellendale Real Estate Market Conditions — April 2026

53out of 100

Ridley Sell Score

How it's scored →

Moderate

53/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Ellendale market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors buyers

5 months of supply — near the balanced threshold of 5 months. Minnesota average is 2.5.

Price MomentumFavors sellers

Prices up 70.3% year-over-year — vs. +11.3% statewide.

Seller LeverageFavors sellers

Homes selling at 100% of asking — sellers are getting 0% above list on average. Minnesota average is 97.9%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Minnesota average of 23%.

Sale SpeedFavors sellers

12 median days on market — 60 days faster than the Minnesota average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 22.1% statewide.

Price StabilityFavors buyers

40% of listings have dropped their price — accurate initial pricing is critical. Minnesota average is 14%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$240,000

+70.3%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-136%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$146

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

100%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

40%

Price carefully

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Ellendale — delivered monthly.

Your savings

How much can you save selling your home in Ellendale?

The average Ellendale homeowner saves $3,701 by selling with Ridley instead of paying the traditional 3% listing commission on a $240,000 home.

$0Estimated savings

That could furnish your new living room — save 1.5% of your home value

Your Ellendale home value

$240,000

$50,000$10M

Traditional Agent (3%)

$7,200

Ridley Pro (flat fee)

$3,499

Ready to sell in Ellendale?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Ellendale?

The total cost to sell a house in Ellendale in 2026 ranges from $999 with Ridley Essentials to approximately $7,200 with a traditional 3% commission on a $240,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$7,200	$3,499	$999	$0
Buyer agent	$6,7202.8% avg	$4,800~2% avg	$4,800~2% avg	$6,7202.8% avg
Closing costs (~1.5%)	$3,600	$3,600	$3,600	$3,600
Total cost	$17,520	$11,899	$9,399	$10,320
Net proceeds	$222,480	$228,101	$230,601	$229,680
You save	—	$5,621	$8,121	$7,200No support