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MORGAN, MN 56266

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

Market Analysis

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

The MORGAN, MN real estate market (56266) currently shows 5 active listings, with 2 pending sales. Homes are averaging 71 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 71 days on market compared to 67 days last year.

The median listing price has risen 74.5% year-over-year, from $142,000 to $247,750.

Whether you are buying or selling in MORGAN, 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 Context

Market Context

Population: 1,542  ·  Density: 6.0/mi²  ·  Median household income: $65,000

Typical home value: $120,355  ·  Homeownership: 82.2%

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
2
40% pending ratio
Median Price
$247,750
⇧ 74.5% vs $142,000 last year
Average Price
$189,467
⇧ 19.7% vs $158,225 last year
Days on Market
71
⇧ 6% vs 67 days last year

Price Per Square Foot

Median $/sqft
$98
⇩ 13.3% vs $113/sqft last year
Median Home Size
2,314 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 6 last year
  • Days on market: 71 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $247,750 (+74.5% YoY)
  • Average: $189,467 (+19.7% 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 29.2 miles — 47 listings ($8,741,759 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56266Morgan, MN 562660.0 mi5$1,003,390$240,250$200,678
56085Sleepy Eye, MN 5608512.3 mi8$1,848,200$213,650$231,025
56087Springfield, MN 5608712.6 mi8$1,235,504$103,950$154,438
56293Wabasso, MN 5629317.4 mi2$207,000$103,500$103,500
55335Gibbon, MN 5533519.7 mi5$816,315$164,925$163,263
56152Lamberton, MN 5615222.1 mi4$635,000$180,000$158,750
55310Bird Island, MN 5531023.5 mi4$670,600$181,150$167,650
56214Belview, MN 5621424.4 mi1$144,900$144,900$144,900
56255Lucan, MN 5625524.9 mi2$424,850$212,425$212,425
56166Revere, MN 5616627.2 mi2$858,000$429,000$429,000
56145Jeffers, MN 5614528.1 mi1$120,000$120,000$120,000
56284Renville, MN 5628428.7 mi4$540,000$149,000$135,000
56237Echo, MN 5623729.2 mi1$238,000$238,000$238,000

Frequently Asked Questions

How many homes are for sale in MORGAN, MN 56266?

As of March 2026, there are 5 active listings in MORGAN, MN (zip code 56266), compared to 6 the prior year.

What is the median home price in MORGAN, MN 56266?

The median listing price in MORGAN, MN 56266 is $247,750 as of March 2026, a 74.5% increase from $142,000 the prior year.

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

Homes in MORGAN, MN 56266 spend an average of 71 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in MORGAN, MN 56266?

Based on current inventory and days-on-market data as of March 2026, MORGAN, MN 56266 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 71 days on market compared to 67 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MORGAN, MN 56266 save an estimated $4,955 compared to a typical 5% commission on the median listing price of $247,750. 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.