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NICOLLET, MN 56074

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

Market Analysis

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

The NICOLLET, MN real estate market (56074) currently shows 2 active listings, with 1 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 26 days on market compared to 15 days last year.

The median listing price has risen 24.2% year-over-year, from $294,950 to $366,400.

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Market Context

Market Context

Population: 1,716  ·  Density: 8.5/mi²  ·  Median household income: $90,750

Typical home value: $241,095  ·  Homeownership: 77.3%

Market Overview

Active Listings
2
⇩ 50% vs 4 last year
Pending
1
50% pending ratio
Median Price
$366,400
⇧ 24.2% vs $294,950 last year
Average Price
$366,400
⇧ 24.2% vs $294,950 last year
Days on Market
26
⇧ 73.3% vs 15 days last year

Price Per Square Foot

Median $/sqft
$164
⇧ 49.1% vs $110/sqft last year
Median Home Size
2,468 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 4 last year
  • Days on market: 26 now vs 15 last year

Median & Average Pricing

Year over Year
  • Median: $366,400 (+24.2% YoY)
  • Average: $366,400 (+24.2% 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 26.5 miles — 151 listings ($51,464,998 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56074Nicollet, MN 560740.0 mi5$1,839,875$381,950$367,975
56003Mankato, MN 560039.5 mi31$12,272,714$344,925$395,894
56073New Ulm, MN 5607313.2 mi36$11,559,744$299,450$321,104
56055Lake Crystal, MN 5605513.7 mi15$3,924,390$229,900$261,626
56058Le Sueur, MN 5605816.5 mi18$7,287,516$394,925$404,862
55396Winthrop, MN 5539617.3 mi8$1,663,768$206,175$207,971
55307Arlington, MN 5530719.6 mi10$2,539,780$224,000$253,978
56044Henderson, MN 5604421.1 mi2$888,000$444,000$444,000
56062Madelia, MN 5606221.8 mi5$1,374,500$309,900$274,900
56037Good Thunder, MN 5603722.5 mi4$1,379,868$406,900$344,967
56057Le Center, MN 5605724.3 mi5$1,907,875$327,450$381,575
56028Elysian, MN 5602825.3 mi4$2,978,768$777,175$744,692
56085Sleepy Eye, MN 5608526.5 mi8$1,848,200$213,650$231,025

Frequently Asked Questions

How many homes are for sale in NICOLLET, MN 56074?

As of September 2026, there are 2 active listings in NICOLLET, MN (zip code 56074), compared to 4 the prior year.

What is the median home price in NICOLLET, MN 56074?

The median listing price in NICOLLET, MN 56074 is $366,400 as of September 2026, a 24.2% increase from $294,950 the prior year.

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

Homes in NICOLLET, MN 56074 spend an average of 26 days on the market before going under contract, compared to 15 days the prior year.

Is it a seller's or buyer's market in NICOLLET, MN 56074?

Based on current inventory and days-on-market data as of September 2026, NICOLLET, MN 56074 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 26 days on market compared to 15 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NICOLLET, MN 56074 save an estimated $7,328 compared to a typical 5% commission on the median listing price of $366,400. 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.