Active Listings
2
⇩ 33.3% vs 3 last year
Population: 873 · Density: 2.3/mi² · Median household income: $59,821
Typical home value: $114,907 · Homeownership: 67.5%
Data as of January 2026. Source: Realtor.com.
The GRACEVILLE, MN real estate market (56240) currently shows 2 active listings, with 1 pending sales. Homes are averaging 88 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 88 days on market compared to 56 days last year.
The median listing price has fallen 12.3% year-over-year, from $169,900 to $149,000.
Whether you are buying or selling in GRACEVILLE, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56240 | Graceville, MN 56240 | 0.0 mi | 2 | $298,000 | $149,000 | $149,000 |
| 56211 | Beardsley, MN 56211 | 10.2 mi | 1 | $15,000 | $15,000 | $15,000 |
| 56219 | Browns Valley, MN 56219 | 16.8 mi | 2 | $884,000 | $442,000 | $442,000 |
| 57227 | Corona, SD 57227 | 18.4 mi | 2 | $799,800 | $399,900 | $399,900 |
| 56207 | Alberta, MN 56207 | 20.0 mi | 1 | $78,500 | $78,500 | $78,500 |
| 56248 | Herman, MN 56248 | 22.8 mi | 3 | $302,001 | $89,000 | $100,667 |
| 57252 | Milbank, SD 57252 | 25.6 mi | 4 | $1,200,000 | $265,000 | $300,000 |
| 57262 | Sisseton, SD 57262 | 29.6 mi | 8 | $2,380,568 | $250,000 | $297,571 |
| 56583 | Tintah, MN 56583 | 30.6 mi | 1 | $670,000 | $670,000 | $670,000 |
| 58030 | Fairmount, ND 58030 | 33.6 mi | 1 | $115,000 | $115,000 | $115,000 |
| 56590 | Wendell, MN 56590 | 35.9 mi | 1 | $134,900 | $134,900 | $134,900 |
| 56339 | Hoffman, MN 56339 | 36.3 mi | 7 | $1,563,240 | $227,400 | $223,320 |
| 56531 | Elbow Lake, MN 56531 | 37.7 mi | 13 | $2,472,925 | $190,000 | $190,225 |
As of January 2026, there are 2 active listings in GRACEVILLE, MN (zip code 56240), compared to 3 the prior year.
The median listing price in GRACEVILLE, MN 56240 is $149,000 as of January 2026, a 12.3% decrease from $169,900 the prior year.
Homes in GRACEVILLE, MN 56240 spend an average of 88 days on the market before going under contract, compared to 56 days the prior year.
Based on current inventory and days-on-market data as of January 2026, GRACEVILLE, MN 56240 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 88 days on market compared to 56 days last year.
With SELL123.com's maximum 3% commission, sellers in GRACEVILLE, MN 56240 save an estimated $2,980 compared to a typical 5% commission on the median listing price of $149,000. 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.