Data as of September 2026. Source: Realtor.com.
The GRACEVILLE, MN real estate market (56240) currently shows 5 active listings, with 1 pending sales. Homes are averaging 92 days on the market before going under contract.
Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 92 days on market compared to 83 days last year.
The median listing price has risen 40.3% year-over-year, from $155,000 to $217,500.
Population: 873 · Density: 2.3/mi² · Median household income: $59,821
Typical home value: $114,907 · Homeownership: 67.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56225 | Clinton, MN 56225 | 7.7 mi | 2 | $498,000 | $249,000 | $249,000 |
| 56278 | Ortonville, MN 56278 | 15.8 mi | 17 | $5,723,101 | $259,375 | $336,653 |
| 57216 | Big Stone City, SD 57216 | 18.3 mi | 4 | $1,156,000 | $289,000 | $289,000 |
| 56296 | Wheaton, MN 56296 | 18.4 mi | 2 | $301,500 | $150,750 | $150,750 |
| 57279 | Wilmot, SD 57279 | 21.8 mi | 1 | $99,900 | $99,900 | $99,900 |
| 56235 | Donnelly, MN 56235 | 24.5 mi | 2 | $288,000 | $144,000 | $144,000 |
| 56267 | Morris, MN 56267 | 26.3 mi | 14 | $2,764,650 | $176,975 | $197,475 |
| 56212 | Bellingham, MN 56212 | 30.5 mi | 2 | $338,000 | $169,000 | $169,000 |
| 56208 | Appleton, MN 56208 | 31.6 mi | 14 | $2,597,644 | $169,900 | $185,546 |
| 56311 | Barrett, MN 56311 | 36.1 mi | 2 | $489,800 | $244,900 | $244,900 |
| 56323 | Cyrus, MN 56323 | 36.5 mi | 2 | $404,000 | $202,000 | $202,000 |
| 57263 | South Shore, SD 57263 | 39.0 mi | 1 | $169,900 | $169,900 | $169,900 |
| 58041 | Hankinson, ND 58041 | 39.5 mi | 8 | $2,943,312 | $415,000 | $367,914 |
As of September 2026, there are 5 active listings in GRACEVILLE, MN (zip code 56240), compared to 2 the prior year.
The median listing price in GRACEVILLE, MN 56240 is $217,500 as of September 2026, a 40.3% increase from $155,000 the prior year.
Homes in GRACEVILLE, MN 56240 spend an average of 92 days on the market before going under contract, compared to 83 days the prior year.
Based on current inventory and days-on-market data as of September 2026, GRACEVILLE, MN 56240 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 83 days last year.
With SELL123.com's maximum 3% commission, sellers in GRACEVILLE, MN 56240 save an estimated $4,350 compared to a typical 5% commission on the median listing price of $217,500. 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.