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CANBY, MN 56220

Real Estate Market Report  ·  Yellow Medicine County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CANBY, MN real estate market (56220) currently shows 8 active listings, with 5 pending sales. Homes are averaging 24 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 selling faster, averaging 24 days on market compared to 203 days last year.

The median listing price has fallen 19.5% year-over-year, from $186,250 to $150,000.

Whether you are buying or selling in CANBY, 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: 2,621  ·  Density: 3.7/mi²  ·  Median household income: $57,432

Typical home value: $150,888  ·  Homeownership: 85.3%

Market Overview

Active Listings
8
⇩ 11.1% vs 9 last year
Pending
5
63% pending ratio
Median Price
$150,000
⇩ 19.5% vs $186,250 last year
Average Price
$186,633
⇧ 21% vs $154,217 last year
Days on Market
24
⇩ 88.2% vs 203 days last year

Price Per Square Foot

Median $/sqft
$104
⇧ 19.5% vs $87/sqft last year
Median Home Size
1,917 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 9 last year
  • Days on market: 24 now vs 203 last year

Median & Average Pricing

Year over Year
  • Median: $150,000 (-19.5% YoY)
  • Average: $186,633 (+21% 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 31.2 miles — 57 listings ($12,317,746 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56220Canby, MN 562200.0 mi9$1,651,500$152,500$183,500
57237Gary, SD 5723711.9 mi2$988,900$494,450$494,450
57218Brandt, SD 5721815.7 mi1$480,000$480,000$480,000
56142Ivanhoe, MN 5614218.2 mi4$719,600$179,900$179,900
56232Dawson, MN 5623218.4 mi15$2,542,890$157,450$169,526
56256Madison, MN 5625620.7 mi9$1,794,285$194,925$199,365
57259Revillo, SD 5725922.9 mi1$183,900$183,900$183,900
56239Ghent, MN 5623924.5 mi1$99,900$99,900$99,900
56212Bellingham, MN 5621227.9 mi2$338,000$169,000$169,000
57238Goodwin, SD 5723829.5 mi1$434,900$434,900$434,900
56149Lake Benton, MN 5614929.8 mi7$1,160,271$129,250$165,753
56295Watson, MN 5629530.8 mi1$89,000$89,000$89,000
57234Estelline, SD 5723431.2 mi4$1,834,600$456,150$458,650

Frequently Asked Questions

How many homes are for sale in CANBY, MN 56220?

As of March 2026, there are 8 active listings in CANBY, MN (zip code 56220), compared to 9 the prior year.

What is the median home price in CANBY, MN 56220?

The median listing price in CANBY, MN 56220 is $150,000 as of March 2026, a 19.5% decrease from $186,250 the prior year.

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

Homes in CANBY, MN 56220 spend an average of 24 days on the market before going under contract, compared to 203 days the prior year.

Is it a seller's or buyer's market in CANBY, MN 56220?

Based on current inventory and days-on-market data as of March 2026, CANBY, MN 56220 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 24 days on market compared to 203 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CANBY, MN 56220 save an estimated $3,000 compared to a typical 5% commission on the median listing price of $150,000. 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.