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GRACEVILLE, MN 56240

Real Estate Market Report  ·  Big Stone County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The GRACEVILLE, MN real estate market (56240) currently shows 3 active listings, with 2 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 67 days on market compared to 117 days last year.

The median listing price has risen 15.1% year-over-year, from $169,900 to $195,475.

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.

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Market Context

Market Context

Population: 873  ·  Density: 2.3/mi²  ·  Median household income: $59,821

Typical home value: $114,907  ·  Homeownership: 67.5%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
2
67% pending ratio
Median Price
$195,475
⇧ 15.1% vs $169,900 last year
Average Price
$195,475
⇧ 15.1% vs $169,900 last year
Days on Market
67
⇩ 42.7% vs 117 days last year

Price Per Square Foot

Median $/sqft
$133
⇧ 3.9% vs $128/sqft last year
Median Home Size
1,280 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 67 now vs 117 last year

Median & Average Pricing

Year over Year
  • Median: $195,475 (+15.1% YoY)
  • Average: $195,475 (+15.1% 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 39.5 miles — 71 listings ($17,773,807 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56225Clinton, MN 562257.7 mi2$498,000$249,000$249,000
56278Ortonville, MN 5627815.8 mi17$5,723,101$259,375$336,653
57216Big Stone City, SD 5721618.3 mi4$1,156,000$289,000$289,000
56296Wheaton, MN 5629618.4 mi2$301,500$150,750$150,750
57279Wilmot, SD 5727921.8 mi1$99,900$99,900$99,900
56235Donnelly, MN 5623524.5 mi2$288,000$144,000$144,000
56267Morris, MN 5626726.3 mi14$2,764,650$176,975$197,475
56212Bellingham, MN 5621230.5 mi2$338,000$169,000$169,000
56208Appleton, MN 5620831.6 mi14$2,597,644$169,900$185,546
56311Barrett, MN 5631136.1 mi2$489,800$244,900$244,900
56323Cyrus, MN 5632336.5 mi2$404,000$202,000$202,000
57263South Shore, SD 5726339.0 mi1$169,900$169,900$169,900
58041Hankinson, ND 5804139.5 mi8$2,943,312$415,000$367,914

Frequently Asked Questions

How many homes are for sale in GRACEVILLE, MN 56240?

As of March 2026, there are 3 active listings in GRACEVILLE, MN (zip code 56240), compared to 2 the prior year.

What is the median home price in GRACEVILLE, MN 56240?

The median listing price in GRACEVILLE, MN 56240 is $195,475 as of March 2026, a 15.1% increase from $169,900 the prior year.

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

Homes in GRACEVILLE, MN 56240 spend an average of 67 days on the market before going under contract, compared to 117 days the prior year.

Is it a seller's or buyer's market in GRACEVILLE, MN 56240?

Based on current inventory and days-on-market data as of March 2026, GRACEVILLE, MN 56240 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 67 days on market compared to 117 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRACEVILLE, MN 56240 save an estimated $3,910 compared to a typical 5% commission on the median listing price of $195,475. 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.