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HOPE, MN 56046

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

Market Analysis

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

The HOPE, MN real estate market (56046) currently shows 1 active listings, with 1 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 118 days on market compared to 111 days last year.

The median listing price has risen 24.7% year-over-year, from $256,500 to $319,900.

Whether you are buying or selling in HOPE, 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: 147  ·  Density: 28.8/mi²  ·  Median household income: $67,500

Typical home value: $88,610  ·  Homeownership: 95.8%

Market Overview

Active Listings
1
vs 1 last year
Pending
1
100% pending ratio
Median Price
$319,900
⇧ 24.7% vs $256,500 last year
Average Price
$319,900
⇧ 24.7% vs $256,500 last year
Days on Market
118
⇧ 6.3% vs 111 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 118 now vs 111 last year

Median & Average Pricing

Year over Year
  • Median: $319,900 (+24.7% YoY)
  • Average: $319,900 (+24.7% 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 24.9 miles — 264 listings ($90,781,810 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56046Hope, MN 560460.0 mi1$319,900$319,900$319,900
55060Owatonna, MN 550606.7 mi80$27,670,640$354,850$345,883
55917Blooming Prairie, MN 5591711.5 mi8$2,069,400$254,900$258,675
55924Claremont, MN 5592413.3 mi1$525,000$525,000$525,000
55049Medford, MN 5504914.5 mi4$1,139,800$269,900$284,950
56045Hollandale, MN 5604514.7 mi2$1,104,900$552,450$552,450
56032Freeborn, MN 5603219.7 mi2$413,166$189,900$206,583
55052Morristown, MN 5505220.2 mi6$2,768,148$489,950$461,358
56007Albert Lea, MN 5600721.4 mi75$20,849,850$216,150$277,998
56043Hayward, MN 5604321.9 mi1$217,900$217,900$217,900
55021Faribault, MN 5502122.8 mi75$30,691,800$340,975$409,224
56048Janesville, MN 5604823.9 mi7$2,631,356$321,975$375,908
56078Pemberton, MN 5607824.9 mi2$379,950$189,975$189,975

Frequently Asked Questions

How many homes are for sale in HOPE, MN 56046?

As of March 2026, there are 1 active listings in HOPE, MN (zip code 56046), compared to 1 the prior year.

What is the median home price in HOPE, MN 56046?

The median listing price in HOPE, MN 56046 is $319,900 as of March 2026, a 24.7% increase from $256,500 the prior year.

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

Homes in HOPE, MN 56046 spend an average of 118 days on the market before going under contract, compared to 111 days the prior year.

Is it a seller's or buyer's market in HOPE, MN 56046?

Based on current inventory and days-on-market data as of March 2026, HOPE, MN 56046 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 118 days on market compared to 111 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOPE, MN 56046 save an estimated $6,398 compared to a typical 5% commission on the median listing price of $319,900. 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.