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