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GRAND RAPIDS, MN 55744

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

Market Analysis

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

The GRAND RAPIDS, MN real estate market (55744) currently shows 46 active listings, with 16 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 88 days on market compared to 42 days last year.

The median listing price has risen 35.1% year-over-year, from $324,900 to $439,000.

Whether you are buying or selling in GRAND RAPIDS, 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: 20,207  ·  Density: 32.6/mi²  ·  Median household income: $64,158

Typical home value: $216,881  ·  Homeownership: 75.4%

Market Overview

Active Listings
46
⇩ 20.7% vs 58 last year
Pending
16
35% pending ratio
Median Price
$439,000
⇧ 35.1% vs $324,900 last year
Average Price
$455,395
⇧ 1.3% vs $449,393 last year
Days on Market
88
⇧ 109.5% vs 42 days last year

Price Per Square Foot

Median $/sqft
$192
⇧ 10.3% vs $174/sqft last year
Median Home Size
2,195 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 58 last year
  • Days on market: 88 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $439,000 (+35.1% YoY)
  • Average: $455,395 (+1.3% 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 37.0 miles — 128 listings ($56,784,758 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55744Grand Rapids, MN 557440.0 mi49$22,011,143$418,425$449,207
55721Cohasset, MN 557218.3 mi5$2,006,520$359,900$401,304
55709Bovey, MN 5570913.4 mi14$12,797,722$393,749$914,123
55748Hill City, MN 5574817.0 mi5$5,064,440$512,200$1,012,888
55742Goodland, MN 5574218.0 mi1$399,999$399,999$399,999
55752Jacobson, MN 5575222.8 mi2$899,902$449,951$449,951
55753Keewatin, MN 5575323.2 mi3$291,000$97,000$97,000
55785Swatara, MN 5578524.1 mi1$729,000$729,000$729,000
55746Hibbing, MN 5574627.4 mi41$8,641,242$159,900$210,762
56469Palisade, MN 5646931.6 mi2$1,132,416$499,725$566,208
56662Outing, MN 5666232.4 mi3$1,687,374$557,475$562,458
56641Federal Dam, MN 5664135.1 mi1$325,000$325,000$325,000
55781Side Lake, MN 5578137.0 mi1$799,000$799,000$799,000

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MN 55744?

As of March 2026, there are 46 active listings in GRAND RAPIDS, MN (zip code 55744), compared to 58 the prior year.

What is the median home price in GRAND RAPIDS, MN 55744?

The median listing price in GRAND RAPIDS, MN 55744 is $439,000 as of March 2026, a 35.1% increase from $324,900 the prior year.

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

Homes in GRAND RAPIDS, MN 55744 spend an average of 88 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MN 55744?

Based on current inventory and days-on-market data as of March 2026, GRAND RAPIDS, MN 55744 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 88 days on market compared to 42 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRAND RAPIDS, MN 55744 save an estimated $8,780 compared to a typical 5% commission on the median listing price of $439,000. 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.