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HERMAN, MN 56248

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

Market Analysis

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

The HERMAN, MN real estate market (56248) currently shows 5 active listings, with 1 pending sales. Homes are averaging 88 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 taking longer to sell, averaging 88 days on market compared to 18 days last year.

The median listing price has fallen 17.6% year-over-year, from $129,000 to $106,250.

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Market Context

Market Context

Population: 811  ·  Density: 2.3/mi²  ·  Median household income: $76,964

Typical home value: $143,189  ·  Homeownership: 80.2%

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
1
20% pending ratio
Median Price
$106,250
⇩ 17.6% vs $129,000 last year
Average Price
$107,600
⇩ 11.7% vs $121,880 last year
Days on Market
88
⇧ 388.9% vs 18 days last year

Price Per Square Foot

Median $/sqft
$69
⇩ 25.8% vs $93/sqft last year
Median Home Size
1,310 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%
—
12-Month Price Reduction Trend

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: 5 this year vs 6 last year
  • Days on market: 88 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $106,250 (-17.6% YoY)
  • Average: $107,600 (-11.7% 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 35.7 miles — 52 listings ($14,949,943 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56248Herman, MN 562480.0 mi4$387,332$79,000$96,833
56311Barrett, MN 5631113.5 mi2$489,800$244,900$244,900
56531Elbow Lake, MN 5653115.4 mi12$2,538,192$179,950$211,516
56221Chokio, MN 5622116.6 mi1$159,900$159,900$159,900
56583Tintah, MN 5658319.5 mi1$640,000$640,000$640,000
56343Kensington, MN 5634321.2 mi1$350,000$350,000$350,000
56327Farwell, MN 5632725.3 mi1$264,900$264,900$264,900
56326Evansville, MN 5632626.9 mi2$229,800$114,900$114,900
56324Dalton, MN 5632427.9 mi2$269,800$134,900$134,900
56315Brandon, MN 5631529.2 mi4$1,970,668$501,150$492,667
56332Garfield, MN 5633232.7 mi3$1,024,500$344,500$341,500
56278Ortonville, MN 5627833.1 mi17$5,723,101$259,375$336,653
56219Browns Valley, MN 5621935.7 mi2$901,950$450,975$450,975

Frequently Asked Questions

How many homes are for sale in HERMAN, MN 56248?

As of September 2026, there are 5 active listings in HERMAN, MN (zip code 56248), compared to 6 the prior year.

What is the median home price in HERMAN, MN 56248?

The median listing price in HERMAN, MN 56248 is $106,250 as of September 2026, a 17.6% decrease from $129,000 the prior year.

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

Homes in HERMAN, MN 56248 spend an average of 88 days on the market before going under contract, compared to 18 days the prior year.

Is it a seller's or buyer's market in HERMAN, MN 56248?

Based on current inventory and days-on-market data as of September 2026, HERMAN, MN 56248 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 88 days on market compared to 18 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HERMAN, MN 56248 save an estimated $2,125 compared to a typical 5% commission on the median listing price of $106,250. 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.