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BINGHAM LAKE, MN 56118

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

Market Analysis

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

The BINGHAM LAKE, MN real estate market (56118) currently shows 1 active listings, with 1 pending sales. Homes are averaging 8 days on the market before going under contract.

Whether you are buying or selling in BINGHAM LAKE, 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: 519  ·  Density: 3.8/mi²  ·  Median household income: $84,886

Typical home value: $250,664  ·  Homeownership: 96.4%

Market Overview

Active Listings
1
Pending
1
100% pending ratio
Median Price
$149,000
Average Price
$149,000
Days on Market
8

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 27.9 miles — 143 listings ($34,981,913 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56118Bingham Lake, MN 561180.0 mi1$149,000$149,000$149,000
56101Windom, MN 561016.3 mi37$9,247,854$277,450$249,942
56120Butterfield, MN 5612012.3 mi6$1,070,700$186,000$178,450
56019Comfrey, MN 5601914.3 mi3$249,000$83,000$83,000
56176Trimont, MN 5617618.6 mi6$1,312,950$167,400$218,825
56162Ormsby, MN 5616219.5 mi1$48,500$48,500$48,500
56081Saint James, MN 5608120.5 mi29$6,002,159$190,950$206,971
56143Jackson, MN 5614321.3 mi28$6,951,980$188,750$248,285
56111Alpha, MN 5611121.8 mi2$798,000$399,000$399,000
56171Sherburn, MN 5617123.1 mi10$2,197,500$144,000$219,750
56166Revere, MN 5616624.9 mi2$858,000$429,000$429,000
56131Fulda, MN 5613127.2 mi15$4,857,270$285,000$323,818
56114Avoca, MN 5611427.9 mi3$1,239,000$375,000$413,000

Frequently Asked Questions

How many homes are for sale in BINGHAM LAKE, MN 56118?

As of March 2026, there are 1 active listings in BINGHAM LAKE, MN (zip code 56118).

What is the median home price in BINGHAM LAKE, MN 56118?

The median listing price in BINGHAM LAKE, MN 56118 is $149,000 as of March 2026.

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

Homes in BINGHAM LAKE, MN 56118 spend an average of 8 days on the market before going under contract.

Is it a seller's or buyer's market in BINGHAM LAKE, MN 56118?

Based on current inventory and days-on-market data as of March 2026, BINGHAM LAKE, MN 56118 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in BINGHAM LAKE, MN 56118 save an estimated $2,980 compared to a typical 5% commission on the median listing price of $149,000. 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.