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HERMAN, MN 56248

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

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
1
33% pending ratio
Median Price
$89,000
⇩ 28.7% vs $124,900 last year
Average Price
$100,667
⇩ 30.6% vs $144,967 last year
Days on Market
82
⇩ 22.6% vs 106 days last year

Market Context

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

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

Market Analysis

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

The HERMAN, MN real estate market (56248) currently shows 3 active listings, with 1 pending sales. Homes are averaging 82 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 82 days on market compared to 106 days last year.

The median listing price has fallen 28.7% year-over-year, from $124,900 to $89,000.

Whether you are buying or selling in HERMAN, 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: 3 this year vs 4 last year
  • Days on market: 82 now vs 106 last year

Median & Average Pricing

Year over Year
  • Median: $89,000 (-28.7% YoY)
  • Average: $100,667 (-30.6% 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 32.7 miles — 34 listings ($8,130,308 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56248Herman, MN 562480.0 mi3$302,001$89,000$100,667
56311Barrett, MN 5631113.5 mi2$489,800$244,900$244,900
56531Elbow Lake, MN 5653115.4 mi13$2,472,925$190,000$190,225
56590Wendell, MN 5659016.8 mi1$134,900$134,900$134,900
56583Tintah, MN 5658319.5 mi1$670,000$670,000$670,000
56343Kensington, MN 5634321.2 mi1$359,900$359,900$359,900
56240Graceville, MN 5624022.8 mi2$298,000$149,000$149,000
56309Ashby, MN 5630925.5 mi3$973,332$335,333$324,444
56326Evansville, MN 5632626.9 mi2$404,800$202,400$202,400
56324Dalton, MN 5632427.9 mi1$427,450$427,450$427,450
56315Brandon, MN 5631529.2 mi3$1,372,200$457,400$457,400
56211Beardsley, MN 5621130.0 mi1$15,000$15,000$15,000
56332Garfield, MN 5633232.7 mi1$210,000$210,000$210,000

Frequently Asked Questions

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

As of January 2026, there are 3 active listings in HERMAN, MN (zip code 56248), compared to 4 the prior year.

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

The median listing price in HERMAN, MN 56248 is $89,000 as of January 2026, a 28.7% decrease from $124,900 the prior year.

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

Homes in HERMAN, MN 56248 spend an average of 82 days on the market before going under contract, compared to 106 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 January 2026, HERMAN, MN 56248 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 82 days on market compared to 106 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 $1,780 compared to a typical 5% commission on the median listing price of $89,000. 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.