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NEW PRAGUE, MN 56071

Real Estate Market Report  ·  Le Sueur County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW PRAGUE, MN real estate market (56071) currently shows 53 active listings, with 12 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 35 days last year.

The median listing price has fallen 2.6% year-over-year, from $487,425 to $474,613.

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Market Context

Market Context

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

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

Market Overview

Active Listings
53
⇧ 26.2% vs 42 last year
Pending
12
23% pending ratio
Median Price
$474,613
⇩ 2.6% vs $487,425 last year
Average Price
$536,312
⇧ 6.3% vs $504,443 last year
Days on Market
51
⇧ 45.7% vs 35 days last year

Price Per Square Foot

Median $/sqft
$188
⇩ 7.8% vs $204/sqft last year
Median Home Size
2,492 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 53 this year vs 42 last year
  • Days on market: 51 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $474,613 (-2.6% YoY)
  • Average: $536,312 (+6.3% 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 21.1 miles — 506 listings ($297,028,935 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56071New Prague, MN 560710.0 mi38$16,871,316$427,475$443,982
55352Jordan, MN 553528.3 mi42$26,777,730$494,230$637,565
55046Lonsdale, MN 5504610.2 mi21$11,502,309$372,500$547,729
56011Belle Plaine, MN 5601110.7 mi32$14,608,160$381,925$456,505
56057Le Center, MN 5605711.8 mi5$1,907,875$327,450$381,575
55315Carver, MN 5531513.6 mi32$20,653,312$539,205$645,416
55379Shakopee, MN 5537915.6 mi155$81,939,975$511,348$528,645
56044Henderson, MN 5604417.5 mi2$888,000$444,000$444,000
55019Dundas, MN 5501918.4 mi10$3,989,500$416,225$398,950
55322Cologne, MN 5532219.1 mi17$8,231,723$440,900$484,219
55306Burnsville, MN 5530619.7 mi37$15,126,155$388,175$408,815
56096Waterville, MN 5609620.1 mi14$5,362,000$297,500$383,000
55347Eden Prairie, MN 5534721.1 mi101$89,170,880$639,725$882,880

Frequently Asked Questions

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

As of September 2026, there are 53 active listings in NEW PRAGUE, MN (zip code 56071), compared to 42 the prior year.

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

The median listing price in NEW PRAGUE, MN 56071 is $474,613 as of September 2026, a 2.6% decrease from $487,425 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 51 days on the market before going under contract, compared to 35 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 September 2026, NEW PRAGUE, MN 56071 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 35 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 $9,492 compared to a typical 5% commission on the median listing price of $474,613. 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.