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OKABENA, MN 56161

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

Market Analysis

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

The OKABENA, MN real estate market (56161) currently shows 1 active listings. Homes are averaging 118 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 118 days on market compared to 35 days last year.

The median listing price has fallen 26.1% year-over-year, from $263,750 to $195,000.

Whether you are buying or selling in OKABENA, 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: 315  ·  Density: 4.3/mi²  ·  Median household income: $92,500

Typical home value: $100,057  ·  Homeownership: 93.8%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$195,000
⇩ 26.1% vs $263,750 last year
Average Price
$195,000
⇩ 26.1% vs $263,750 last year
Days on Market
118
⇧ 237.1% vs 35 days last year

Price Per Square Foot

Median $/sqft
$85
⇩ 33.1% vs $127/sqft last year
Median Home Size
2,290 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 118 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $195,000 (-26.1% YoY)
  • Average: $195,000 (-26.1% 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 26.1 miles — 261 listings ($153,305,741 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56161Okabena, MN 561610.0 mi2$365,000$182,500$182,500
56150Lakefield, MN 561507.5 mi8$1,402,832$157,000$175,354
56167Round Lake, MN 5616711.5 mi1$115,000$115,000$115,000
56101Windom, MN 5610115.4 mi37$9,247,854$277,450$249,942
56143Jackson, MN 5614316.8 mi28$6,951,980$188,750$248,285
51347Lake Park, IA 5134719.4 mi8$3,020,000$347,700$377,500
56118Bingham Lake, MN 5611821.4 mi1$149,000$149,000$149,000
51360Spirit Lake, IA 5136022.2 mi53$59,028,008$526,000$1,113,736
56114Avoca, MN 5611423.1 mi3$1,239,000$375,000$413,000
51355Okoboji, IA 5135523.7 mi71$39,760,781$269,000$560,011
56145Jeffers, MN 5614525.3 mi1$120,000$120,000$120,000
51331Arnolds Park, IA 5133125.6 mi46$31,737,286$569,900$689,941
56141Iona, MN 5614126.1 mi2$169,000$84,500$84,500

Frequently Asked Questions

How many homes are for sale in OKABENA, MN 56161?

As of June 2026, there are 1 active listings in OKABENA, MN (zip code 56161), compared to 2 the prior year.

What is the median home price in OKABENA, MN 56161?

The median listing price in OKABENA, MN 56161 is $195,000 as of June 2026, a 26.1% decrease from $263,750 the prior year.

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

Homes in OKABENA, MN 56161 spend an average of 118 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 OKABENA, MN 56161?

Based on current inventory and days-on-market data as of June 2026, OKABENA, MN 56161 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 118 days on market compared to 35 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OKABENA, MN 56161 save an estimated $3,900 compared to a typical 5% commission on the median listing price of $195,000. 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.