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PLATO, MN 55370

Real Estate Market Report  ·  McLeod County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The PLATO, MN real estate market (55370) currently shows 2 active listings. Homes are averaging 69 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 69 days on market compared to 13 days last year.

The median listing price has fallen 6.1% year-over-year, from $725,000 to $680,525.

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Market Context

Market Context

Population: 658  ·  Density: 12.3/mi²  ·  Median household income: $96,250

Typical home value: $293,316  ·  Homeownership: 94.8%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$680,525
⇩ 6.1% vs $725,000 last year
Average Price
$680,525
⇩ 6.1% vs $725,000 last year
Days on Market
69
⇧ 430.8% vs 13 days last year

Price Per Square Foot

Median $/sqft
$287
⇩ 8.6% vs $314/sqft last year
Median Home Size
2,396 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 69 now vs 13 last year

Median & Average Pricing

Year over Year
  • Median: $680,525 (-6.1% YoY)
  • Average: $680,525 (-6.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.5 miles — 173 listings ($80,662,332 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55370Plato, MN 553700.0 mi2$450,000$225,000$225,000
55397Young America, MN 553975.7 mi10$3,484,200$359,900$348,420
55354Lester Prairie, MN 553547.3 mi3$1,194,900$355,000$398,300
55338Green Isle, MN 553387.9 mi8$2,621,432$339,900$327,679
55360Mayer, MN 5536010.8 mi15$6,697,230$433,400$446,482
55322Cologne, MN 5532212.4 mi17$8,231,723$440,900$484,219
55307Arlington, MN 5530713.0 mi10$2,539,780$224,000$253,978
55388Watertown, MN 5538815.0 mi30$13,791,030$421,900$459,701
56044Henderson, MN 5604416.0 mi2$888,000$444,000$444,000
56011Belle Plaine, MN 5601117.8 mi32$14,608,160$381,925$456,505
55334Gaylord, MN 5533418.9 mi6$1,392,000$232,000$232,000
55386Victoria, MN 5538619.1 mi31$21,498,097$654,400$693,487
55349Howard Lake, MN 5534919.5 mi7$3,265,780$390,650$466,540

Frequently Asked Questions

How many homes are for sale in PLATO, MN 55370?

As of September 2026, there are 2 active listings in PLATO, MN (zip code 55370), compared to 1 the prior year.

What is the median home price in PLATO, MN 55370?

The median listing price in PLATO, MN 55370 is $680,525 as of September 2026, a 6.1% decrease from $725,000 the prior year.

How long do homes stay on the market in PLATO, MN?

Homes in PLATO, MN 55370 spend an average of 69 days on the market before going under contract, compared to 13 days the prior year.

Is it a seller's or buyer's market in PLATO, MN 55370?

Based on current inventory and days-on-market data as of September 2026, PLATO, MN 55370 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 69 days on market compared to 13 days last year.

How much can I save on real estate commission in PLATO, MN?

With SELL123.com's maximum 3% commission, sellers in PLATO, MN 55370 save an estimated $13,611 compared to a typical 5% commission on the median listing price of $680,525. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.