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PRINCETON, MN 55371

Real Estate Market Report  ·  Mille Lacs County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇩ 40% vs 45 last year
Pending
10
37% pending ratio
Median Price
$512,450
⇧ 39.5% vs $367,450 last year
Average Price
$551,360
⇧ 31.9% vs $418,112 last year
Days on Market
68
⇧ 15.3% vs 59 days last year

Market Context

Population: 17,500  ·  Density: 34.5/mi²  ·  Median household income: $89,238

Typical home value: $269,127  ·  Homeownership: 83.2%

Market Analysis

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

The PRINCETON, MN real estate market (55371) currently shows 27 active listings, with 10 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 68 days on market compared to 59 days last year.

The median listing price has risen 39.5% year-over-year, from $367,450 to $512,450.

Whether you are buying or selling in PRINCETON, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 45 last year
  • Days on market: 68 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $512,450 (+39.5% YoY)
  • Average: $551,360 (+31.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.6 miles — 678 listings ($318,621,310 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55371Princeton, MN 553710.0 mi27$14,886,720$512,450$551,360
56363Pease, MN 563638.7 mi5$1,708,000$349,900$341,600
56330Foreston, MN 5633014.1 mi4$1,400,000$350,000$350,000
56353Milaca, MN 5635315.3 mi23$9,050,638$325,000$393,506
55309Big Lake, MN 5530915.5 mi48$22,186,896$414,900$462,227
55330Elk River, MN 5533016.9 mi140$73,823,400$464,950$527,310
56329Foley, MN 5632917.5 mi15$5,839,440$344,900$389,296
55080Stanchfield, MN 5508019.2 mi1$460,000$460,000$460,000
55303Anoka, MN 5530321.6 mi150$61,632,300$374,900$410,882
55362Monticello, MN 5536222.3 mi57$24,209,097$402,198$424,721
56304Saint Cloud, MN 5630422.4 mi51$17,081,430$350,000$334,930
55011Cedar, MN 5501123.3 mi50$32,342,950$664,950$646,859
55376Saint Michael, MN 5537625.6 mi107$54,000,439$499,910$504,677

Frequently Asked Questions

How many homes are for sale in PRINCETON, MN 55371?

As of January 2026, there are 27 active listings in PRINCETON, MN (zip code 55371), compared to 45 the prior year.

What is the median home price in PRINCETON, MN 55371?

The median listing price in PRINCETON, MN 55371 is $512,450 as of January 2026, a 39.5% increase from $367,450 the prior year.

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

Homes in PRINCETON, MN 55371 spend an average of 68 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in PRINCETON, MN 55371?

Based on current inventory and days-on-market data as of January 2026, PRINCETON, MN 55371 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 68 days on market compared to 59 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRINCETON, MN 55371 save an estimated $10,249 compared to a typical 5% commission on the median listing price of $512,450. 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.