Call or Text (240) SELL-123

PRESTON, MN 55965

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PRESTON, MN real estate market (55965) currently shows 15 active listings, with 5 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 67 days on market compared to 68 days last year.

The median listing price has risen 25.3% year-over-year, from $227,400 to $284,900.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PRESTON, MN 55965 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 2,262  ·  Density: 8.1/mi²  ·  Median household income: $63,472

Typical home value: $189,723  ·  Homeownership: 77.2%

Market Overview

Active Listings
15
⇧ 66.7% vs 9 last year
Pending
5
33% pending ratio
Median Price
$284,900
⇧ 25.3% vs $227,400 last year
Average Price
$310,975
⇧ 15.4% vs $269,517 last year
Days on Market
67
⇩ 1.5% vs 68 days last year

Price Per Square Foot

Median $/sqft
$156
⇧ 16.4% vs $134/sqft last year
Median Home Size
1,792 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 9 last year
  • Days on market: 67 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $284,900 (+25.3% YoY)
  • Average: $310,975 (+15.4% 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 26.7 miles — 85 listings ($30,521,711 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55965Preston, MN 559650.0 mi4$2,018,452$504,613$504,613
55935Fountain, MN 559358.2 mi1$175,000$175,000$175,000
55949Lanesboro, MN 5594911.2 mi6$2,215,740$226,500$369,290
55922Canton, MN 5592212.7 mi2$344,900$172,450$172,450
55962Peterson, MN 5596217.2 mi3$1,298,901$599,000$432,967
55954Mabel, MN 5595418.0 mi9$1,911,240$210,000$212,360
55967Racine, MN 5596722.1 mi2$919,800$459,900$459,900
55936Grand Meadow, MN 5593623.3 mi5$1,536,550$279,900$307,310
55929Dover, MN 5592924.1 mi2$900,000$450,000$450,000
55972Saint Charles, MN 5597225.5 mi6$2,983,170$571,225$497,195
50466Riceville, IA 5046626.3 mi4$1,024,832$225,000$256,208
52101Decorah, IA 5210126.3 mi24$9,167,952$358,000$381,998
55934Eyota, MN 5593426.7 mi17$6,025,174$314,900$354,422

Frequently Asked Questions

How many homes are for sale in PRESTON, MN 55965?

As of September 2026, there are 15 active listings in PRESTON, MN (zip code 55965), compared to 9 the prior year.

What is the median home price in PRESTON, MN 55965?

The median listing price in PRESTON, MN 55965 is $284,900 as of September 2026, a 25.3% increase from $227,400 the prior year.

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

Homes in PRESTON, MN 55965 spend an average of 67 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in PRESTON, MN 55965?

Based on current inventory and days-on-market data as of September 2026, PRESTON, MN 55965 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 67 days on market compared to 68 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRESTON, MN 55965 save an estimated $5,698 compared to a typical 5% commission on the median listing price of $284,900. 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.