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ORMSBY, MN 56162

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

Market Analysis

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

The ORMSBY, MN real estate market (56162) currently shows 2 active listings. Homes are averaging 37 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 37 days on market compared to 96 days last year.

The median listing price has fallen 28% year-over-year, from $151,700 to $109,200.

Whether you are buying or selling in ORMSBY, 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: 248  ·  Density: 4.1/mi²  ·  Median household income: $77,500

Typical home value: $92,236  ·  Homeownership: 89.2%

Market Overview

Active Listings
2
vs 2 last year
Pending
0
0% pending ratio
Median Price
$109,200
⇩ 28% vs $151,700 last year
Average Price
$109,200
⇩ 28% vs $151,700 last year
Days on Market
37
⇩ 61.5% vs 96 days last year

Price Per Square Foot

Median $/sqft
$61
⇩ 1.6% vs $62/sqft last year
Median Home Size
1,643 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 37 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $109,200 (-28% YoY)
  • Average: $109,200 (-28% 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 — 117 listings ($27,913,825 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56162Ormsby, MN 561620.0 mi1$48,500$48,500$48,500
56160Odin, MN 561607.1 mi2$229,800$114,900$114,900
56081Saint James, MN 5608110.7 mi29$6,002,159$190,950$206,971
56181Welcome, MN 5618111.4 mi6$2,087,682$322,250$347,947
56060Lewisville, MN 5606013.1 mi1$159,950$159,950$159,950
56111Alpha, MN 5611117.4 mi2$798,000$399,000$399,000
56062Madelia, MN 5606219.1 mi5$1,374,500$309,900$274,900
56127Dunnell, MN 5612720.8 mi1$195,000$195,000$195,000
56039Granada, MN 5603921.2 mi3$408,600$139,900$136,200
56143Jackson, MN 5614322.5 mi28$6,951,980$188,750$248,285
56101Windom, MN 5610123.7 mi37$9,247,854$277,450$249,942
56010Amboy, MN 5601024.6 mi1$209,900$209,900$209,900
50531Dolliver, IA 5053126.5 mi1$199,900$199,900$199,900

Frequently Asked Questions

How many homes are for sale in ORMSBY, MN 56162?

As of March 2026, there are 2 active listings in ORMSBY, MN (zip code 56162), compared to 2 the prior year.

What is the median home price in ORMSBY, MN 56162?

The median listing price in ORMSBY, MN 56162 is $109,200 as of March 2026, a 28% decrease from $151,700 the prior year.

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

Homes in ORMSBY, MN 56162 spend an average of 37 days on the market before going under contract, compared to 96 days the prior year.

Is it a seller's or buyer's market in ORMSBY, MN 56162?

Based on current inventory and days-on-market data as of March 2026, ORMSBY, MN 56162 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 37 days on market compared to 96 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ORMSBY, MN 56162 save an estimated $2,184 compared to a typical 5% commission on the median listing price of $109,200. 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.