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GRANITE FALLS, MN 56241

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

Market Overview

Active Listings
11
⇩ 8.3% vs 12 last year
Pending
3
27% pending ratio
Median Price
$267,200
⇧ 37.9% vs $193,725 last year
Average Price
$271,038
⇧ 31.3% vs $206,415 last year
Days on Market
86
⇩ 39.4% vs 142 days last year

Market Context

Population: 3,696  ·  Density: 9.8/mi²  ·  Median household income: $64,128

Typical home value: $158,055  ·  Homeownership: 76.1%

Market Analysis

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

The GRANITE FALLS, MN real estate market (56241) currently shows 11 active listings, with 3 pending sales. Homes are averaging 86 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 86 days on market compared to 142 days last year.

The median listing price has risen 37.9% year-over-year, from $193,725 to $267,200.

Whether you are buying or selling in GRANITE FALLS, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 12 last year
  • Days on market: 86 now vs 142 last year

Median & Average Pricing

Year over Year
  • Median: $267,200 (+37.9% YoY)
  • Average: $271,038 (+31.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.0 miles — 132 listings ($32,937,428 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56241Granite Falls, MN 562410.0 mi11$2,981,418$267,200$271,038
56297Wood Lake, MN 5629711.6 mi1$180,000$180,000$180,000
56260Maynard, MN 5626012.4 mi1$135,000$135,000$135,000
56265Montevideo, MN 5626515.7 mi44$11,876,524$249,000$269,921
56222Clara City, MN 5622216.8 mi6$1,726,002$262,500$287,667
56218Boyd, MN 5621818.0 mi3$792,000$264,000$264,000
56295Watson, MN 5629521.4 mi1$89,000$89,000$89,000
56282Raymond, MN 5628223.9 mi2$570,000$285,000$285,000
56264Minneota, MN 5626425.0 mi2$124,500$62,250$62,250
56258Marshall, MN 5625826.1 mi16$4,141,520$190,000$258,845
56262Milan, MN 5626226.6 mi1$40,000$40,000$40,000
56283Redwood Falls, MN 5628328.2 mi28$6,480,936$186,900$231,462
56277Olivia, MN 5627729.0 mi16$3,800,528$242,000$237,533

Frequently Asked Questions

How many homes are for sale in GRANITE FALLS, MN 56241?

As of January 2026, there are 11 active listings in GRANITE FALLS, MN (zip code 56241), compared to 12 the prior year.

What is the median home price in GRANITE FALLS, MN 56241?

The median listing price in GRANITE FALLS, MN 56241 is $267,200 as of January 2026, a 37.9% increase from $193,725 the prior year.

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

Homes in GRANITE FALLS, MN 56241 spend an average of 86 days on the market before going under contract, compared to 142 days the prior year.

Is it a seller's or buyer's market in GRANITE FALLS, MN 56241?

Based on current inventory and days-on-market data as of January 2026, GRANITE FALLS, MN 56241 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 86 days on market compared to 142 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRANITE FALLS, MN 56241 save an estimated $5,344 compared to a typical 5% commission on the median listing price of $267,200. 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.