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SLAYTON, MN 56172

Real Estate Market Report  ·  Murray County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The SLAYTON, MN real estate market (56172) currently shows 13 active listings, with 6 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49 days on market compared to 98 days last year.

The median listing price has fallen 19.4% year-over-year, from $238,750 to $192,500.

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Market Context

Market Context

Population: 2,948  ·  Density: 9.8/mi²  ·  Median household income: $69,808

Typical home value: $173,285  ·  Homeownership: 75.9%

Market Overview

Active Listings
13
⇩ 27.8% vs 18 last year
Pending
6
46% pending ratio
Median Price
$192,500
⇩ 19.4% vs $238,750 last year
Average Price
$261,634
⇩ 27.6% vs $361,139 last year
Days on Market
49
⇩ 50% vs 98 days last year

Price Per Square Foot

Median $/sqft
$124
⇧ 1.6% vs $122/sqft last year
Median Home Size
1,806 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 18 last year
  • Days on market: 49 now vs 98 last year

Median & Average Pricing

Year over Year
  • Median: $192,500 (-19.4% YoY)
  • Average: $261,634 (-27.6% 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 27.7 miles — 56 listings ($15,578,353 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56172Slayton, MN 561720.0 mi12$4,607,280$253,750$383,940
56141Iona, MN 561419.1 mi2$169,000$84,500$84,500
56123Currie, MN 5612310.0 mi2$279,800$139,900$139,900
56132Garvin, MN 5613213.1 mi5$3,256,125$790,000$651,225
56185Wilmont, MN 5618515.4 mi1$314,500$314,500$314,500
56186Woodstock, MN 5618615.5 mi0$0$49,900$49,900
56175Tracy, MN 5617518.1 mi14$2,680,048$162,200$191,432
56165Reading, MN 5616520.1 mi1$279,500$279,500$279,500
56180Walnut Grove, MN 5618022.0 mi6$827,232$113,750$137,872
56166Revere, MN 5616623.6 mi2$858,000$429,000$429,000
56137Heron Lake, MN 5613725.5 mi4$578,168$171,225$144,542
56178Tyler, MN 5617826.0 mi4$919,000$214,975$229,750
56134Hardwick, MN 5613427.7 mi3$809,700$269,900$269,900

Frequently Asked Questions

How many homes are for sale in SLAYTON, MN 56172?

As of September 2026, there are 13 active listings in SLAYTON, MN (zip code 56172), compared to 18 the prior year.

What is the median home price in SLAYTON, MN 56172?

The median listing price in SLAYTON, MN 56172 is $192,500 as of September 2026, a 19.4% decrease from $238,750 the prior year.

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

Homes in SLAYTON, MN 56172 spend an average of 49 days on the market before going under contract, compared to 98 days the prior year.

Is it a seller's or buyer's market in SLAYTON, MN 56172?

Based on current inventory and days-on-market data as of September 2026, SLAYTON, MN 56172 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 49 days on market compared to 98 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SLAYTON, MN 56172 save an estimated $3,850 compared to a typical 5% commission on the median listing price of $192,500. 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.