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PRINCETON, MN 55371

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

Market Analysis

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

The PRINCETON, MN real estate market (55371) currently shows 41 active listings, with 21 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 38 days on market compared to 35 days last year.

The median listing price has risen 17.6% year-over-year, from $419,900 to $493,725.

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 Context

Market Context

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

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

Market Overview

Active Listings
41
⇩ 8.9% vs 45 last year
Pending
21
51% pending ratio
Median Price
$493,725
⇧ 17.6% vs $419,900 last year
Average Price
$559,533
⇧ 21.3% vs $461,221 last year
Days on Market
38
⇧ 8.6% vs 35 days last year

Price Per Square Foot

Median $/sqft
$230
⇧ 9% vs $211/sqft last year
Median Home Size
2,145 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 45 last year
  • Days on market: 38 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $493,725 (+17.6% YoY)
  • Average: $559,533 (+21.3% 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 24.0 miles — 410 listings ($194,823,202 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55371Princeton, MN 553710.0 mi37$20,957,651$544,950$566,423
56363Pease, MN 563638.7 mi4$1,362,552$345,900$340,638
56330Foreston, MN 5633014.1 mi3$1,050,000$350,000$350,000
56353Milaca, MN 5635315.3 mi26$10,086,362$332,725$387,937
55309Big Lake, MN 5530915.5 mi53$23,573,764$387,400$444,788
55330Elk River, MN 5533016.9 mi161$86,020,368$466,500$534,288
56329Foley, MN 5632917.5 mi15$6,589,515$412,450$439,301
55080Stanchfield, MN 5508019.2 mi4$2,355,716$487,500$588,929
56358Ogilvie, MN 5635819.6 mi8$2,680,992$342,500$335,124
55006Braham, MN 5500622.0 mi9$2,899,287$264,950$322,143
55005Bethel, MN 5500522.3 mi20$9,051,520$432,450$452,576
55301Albertville, MN 5530123.2 mi35$14,423,255$394,750$412,093
56379Sauk Rapids, MN 5637924.0 mi35$13,772,220$332,900$393,492

Frequently Asked Questions

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

As of March 2026, there are 41 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 $493,725 as of March 2026, a 17.6% increase from $419,900 the prior year.

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

Homes in PRINCETON, MN 55371 spend an average of 38 days on the market before going under contract, compared to 35 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 March 2026, PRINCETON, MN 55371 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 38 days on market compared to 35 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 $9,875 compared to a typical 5% commission on the median listing price of $493,725. 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.