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NEW PRAGUE, MN 56071

Real Estate Market Report  ·  Le Sueur County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
26
⇩ 3.7% vs 27 last year
Pending
12
46% pending ratio
Median Price
$442,450
⇩ 13.7% vs $512,450 last year
Average Price
$448,480
⇩ 20.9% vs $567,315 last year
Days on Market
82
⇧ 28.1% vs 64 days last year

Market Context

Population: 13,252  ·  Density: 59.5/mi²  ·  Median household income: $107,926

Typical home value: $356,451  ·  Homeownership: 87.7%

Market Analysis

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

The NEW PRAGUE, MN real estate market (56071) currently shows 26 active listings, with 12 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 82 days on market compared to 64 days last year.

The median listing price has fallen 13.7% year-over-year, from $512,450 to $442,450.

Whether you are buying or selling in NEW PRAGUE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 27 last year
  • Days on market: 82 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $442,450 (-13.7% YoY)
  • Average: $448,480 (-20.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.1 miles — 454 listings ($265,839,321 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56071New Prague, MN 560710.0 mi26$11,660,480$442,450$448,480
55352Jordan, MN 553528.3 mi26$18,281,562$547,611$703,137
55046Lonsdale, MN 5504610.2 mi17$8,585,935$389,899$505,055
56011Belle Plaine, MN 5601110.7 mi29$11,662,901$379,400$402,169
56057Le Center, MN 5605711.8 mi7$2,216,431$302,450$316,633
55315Carver, MN 5531513.6 mi31$19,387,183$566,210$625,393
55379Shakopee, MN 5537915.6 mi154$80,830,288$509,950$524,872
56044Henderson, MN 5604417.5 mi3$1,044,000$360,000$348,000
55019Dundas, MN 5501918.4 mi7$2,619,260$404,950$374,180
55322Cologne, MN 5532219.1 mi16$8,224,800$444,400$514,050
55306Burnsville, MN 5530619.7 mi28$11,502,708$385,000$410,811
56096Waterville, MN 5609620.1 mi13$4,285,099$267,450$329,623
55347Eden Prairie, MN 5534721.1 mi97$85,538,674$638,950$881,842

Frequently Asked Questions

How many homes are for sale in NEW PRAGUE, MN 56071?

As of January 2026, there are 26 active listings in NEW PRAGUE, MN (zip code 56071), compared to 27 the prior year.

What is the median home price in NEW PRAGUE, MN 56071?

The median listing price in NEW PRAGUE, MN 56071 is $442,450 as of January 2026, a 13.7% decrease from $512,450 the prior year.

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

Homes in NEW PRAGUE, MN 56071 spend an average of 82 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in NEW PRAGUE, MN 56071?

Based on current inventory and days-on-market data as of January 2026, NEW PRAGUE, MN 56071 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 82 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW PRAGUE, MN 56071 save an estimated $8,849 compared to a typical 5% commission on the median listing price of $442,450. 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.