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CANBY, MN 56220

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

Market Analysis

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

The CANBY, MN real estate market (56220) currently shows 10 active listings, with 2 pending sales. Homes are averaging 42 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 42 days on market compared to 93 days last year.

The median listing price has risen 1.3% year-over-year, from $196,700 to $199,175.

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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
10
⇩ 9.1% vs 11 last year
Pending
2
20% pending ratio
Median Price
$199,175
⇧ 1.3% vs $196,700 last year
Average Price
$210,011
⇩ 9.7% vs $232,668 last year
Days on Market
42
⇩ 54.8% vs 93 days last year

Price Per Square Foot

Median $/sqft
$101
⇩ 8.2% vs $110/sqft last year
Median Home Size
1,792 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 11 last year
  • Days on market: 42 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $199,175 (+1.3% YoY)
  • Average: $210,011 (-9.7% 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 September 2026, there are 10 active listings in CANBY, MN (zip code 56220), compared to 11 the prior year.

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

The median listing price in CANBY, MN 56220 is $199,175 as of September 2026, a 1.3% increase from $196,700 the prior year.

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

Homes in CANBY, MN 56220 spend an average of 42 days on the market before going under contract, compared to 93 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 September 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 42 days on market compared to 93 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 $3,984 compared to a typical 5% commission on the median listing price of $199,175. 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.