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PETERSON, MN 55962

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

Market Analysis

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

The PETERSON, MN real estate market (55962) currently shows 3 active listings, with 1 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

The median listing price has fallen 5.4% year-over-year, from $369,900 to $349,950.

Whether you are buying or selling in PETERSON, 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: 819  ·  Density: 5.0/mi²  ·  Median household income: $65,250

Typical home value: $223,933  ·  Homeownership: 89.8%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
1
33% pending ratio
Median Price
$349,950
⇩ 5.4% vs $369,900 last year
Average Price
$349,950
⇩ 5.4% vs $369,900 last year
Days on Market
70

Price Per Square Foot

Median $/sqft
$104
⇧ 22.4% vs $85/sqft last year
Median Home Size
5,780 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year

Median & Average Pricing

Year over Year
  • Median: $349,950 (-5.4% YoY)
  • Average: $349,950 (-5.4% 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 27.2 miles — 101 listings ($46,475,738 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55962Peterson, MN 559620.0 mi3$1,298,901$599,000$432,967
55949Lanesboro, MN 559496.0 mi6$2,215,740$226,500$369,290
55943Houston, MN 5594313.1 mi4$1,454,600$363,650$363,650
55922Canton, MN 5592214.1 mi2$344,900$172,450$172,450
55974Spring Grove, MN 5597416.0 mi2$684,800$342,400$342,400
55923Chatfield, MN 5592318.0 mi14$8,229,816$499,500$587,844
55972Saint Charles, MN 5597219.1 mi6$2,983,170$571,225$497,195
55990Wykoff, MN 5599020.9 mi5$1,941,875$342,500$388,375
55921Caledonia, MN 5592121.2 mi17$4,730,471$236,675$278,263
55969Rollingstone, MN 5596922.2 mi1$457,500$457,500$457,500
55947La Crescent, MN 5594724.6 mi15$12,303,690$504,700$820,246
55934Eyota, MN 5593426.9 mi17$6,025,174$314,900$354,422
55975Spring Valley, MN 5597527.2 mi9$3,805,101$309,375$422,789

Frequently Asked Questions

How many homes are for sale in PETERSON, MN 55962?

As of March 2026, there are 3 active listings in PETERSON, MN (zip code 55962), compared to 1 the prior year.

What is the median home price in PETERSON, MN 55962?

The median listing price in PETERSON, MN 55962 is $349,950 as of March 2026, a 5.4% decrease from $369,900 the prior year.

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

Homes in PETERSON, MN 55962 spend an average of 70 days on the market before going under contract.

Is it a seller's or buyer's market in PETERSON, MN 55962?

Based on current inventory and days-on-market data as of March 2026, PETERSON, MN 55962 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in PETERSON, MN 55962 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.