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GROVE CITY, MN 56243

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The GROVE CITY, MN real estate market (56243) currently shows 4 active listings. Homes are averaging 53 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 selling faster, averaging 53 days on market compared to 85 days last year.

The median listing price has fallen 11.9% year-over-year, from $334,900 to $294,950.

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Market Context

Market Context

Population: 1,864  ·  Density: 7.8/mi²  ·  Median household income: $64,583

Typical home value: $152,577  ·  Homeownership: 78.0%

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
0
0% pending ratio
Median Price
$294,950
⇩ 11.9% vs $334,900 last year
Average Price
$482,179
⇧ 44% vs $334,900 last year
Days on Market
53
⇩ 37.6% vs 85 days last year

Price Per Square Foot

Median $/sqft
$199
⇧ 1.5% vs $196/sqft last year
Median Home Size
1,489 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 53 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $294,950 (-11.9% YoY)
  • Average: $482,179 (+44% 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 26.6 miles — 138 listings ($48,950,942 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56243Grove City, MN 562430.0 mi2$292,816$146,408$146,408
55355Litchfield, MN 553558.4 mi20$5,971,480$299,900$298,574
56251Kandiyohi, MN 5625111.9 mi1$164,000$164,000$164,000
55324Darwin, MN 5532414.6 mi1$529,900$529,900$529,900
56228Cosmos, MN 5622816.1 mi2$198,000$99,000$99,000
56253Lake Lillian, MN 5625317.2 mi3$657,501$217,500$219,167
56201Willmar, MN 5620118.3 mi60$19,666,380$268,200$327,773
55353Kimball, MN 5535320.6 mi10$4,097,290$339,950$409,729
56376Saint Martin, MN 5637623.1 mi1$339,800$339,800$339,800
56320Cold Spring, MN 5632024.0 mi26$13,102,908$438,925$503,958
56216Blomkest, MN 5621624.3 mi2$598,000$299,000$299,000
55321Cokato, MN 5532124.5 mi9$2,912,967$364,113$323,663
56369Rockville, MN 5636926.6 mi1$419,900$419,900$419,900

Frequently Asked Questions

How many homes are for sale in GROVE CITY, MN 56243?

As of September 2026, there are 4 active listings in GROVE CITY, MN (zip code 56243), compared to 1 the prior year.

What is the median home price in GROVE CITY, MN 56243?

The median listing price in GROVE CITY, MN 56243 is $294,950 as of September 2026, a 11.9% decrease from $334,900 the prior year.

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

Homes in GROVE CITY, MN 56243 spend an average of 53 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in GROVE CITY, MN 56243?

Based on current inventory and days-on-market data as of September 2026, GROVE CITY, MN 56243 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 85 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GROVE CITY, MN 56243 save an estimated $5,899 compared to a typical 5% commission on the median listing price of $294,950. 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.