Call or Text (240) SELL-123

WHEATON, MN 56296

Real Estate Market Report  ·  Traverse County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WHEATON, MN real estate market (56296) currently shows 3 active listings, with 1 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 75 days on market compared to 90 days last year.

The median listing price has risen 30.8% year-over-year, from $382,000 to $499,500.

Whether you are buying or selling in WHEATON, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for WHEATON, MN 56296 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 1,858  ·  Density: 3.0/mi²  ·  Median household income: $54,329

Typical home value: $96,784  ·  Homeownership: 80.4%

Market Overview

Active Listings
3
⇩ 62.5% vs 8 last year
Pending
1
33% pending ratio
Median Price
$499,500
⇧ 30.8% vs $382,000 last year
Average Price
$499,500
⇧ 25.6% vs $397,667 last year
Days on Market
75
⇩ 16.7% vs 90 days last year

Price Per Square Foot

Median $/sqft
$225
⇧ 92.3% vs $117/sqft last year
Median Home Size
2,395 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 8 last year
  • Days on market: 75 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $499,500 (+30.8% YoY)
  • Average: $499,500 (+25.6% 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
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 37.3 miles — 121 listings ($34,410,349 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56296Wheaton, MN 562960.0 mi2$301,500$150,750$150,750
56248Herman, MN 5624816.2 mi4$387,332$79,000$96,833
56219Browns Valley, MN 5621923.3 mi2$901,950$450,975$450,975
56531Elbow Lake, MN 5653125.8 mi12$2,538,192$179,950$211,516
56225Clinton, MN 5622526.0 mi2$498,000$249,000$249,000
56207Alberta, MN 5620729.7 mi1$78,500$78,500$78,500
56267Morris, MN 5626731.0 mi14$2,764,650$176,975$197,475
56520Breckenridge, MN 5652031.6 mi23$6,473,718$289,600$281,466
56278Ortonville, MN 5627833.8 mi17$5,723,101$259,375$336,653
57227Corona, SD 5722734.6 mi2$779,800$389,900$389,900
56537Fergus Falls, MN 5653735.8 mi37$12,756,231$336,250$344,763
57216Big Stone City, SD 5721636.7 mi4$1,156,000$289,000$289,000
58053Lidgerwood, ND 5805337.3 mi1$51,375$51,375$51,375

Frequently Asked Questions

How many homes are for sale in WHEATON, MN 56296?

As of March 2026, there are 3 active listings in WHEATON, MN (zip code 56296), compared to 8 the prior year.

What is the median home price in WHEATON, MN 56296?

The median listing price in WHEATON, MN 56296 is $499,500 as of March 2026, a 30.8% increase from $382,000 the prior year.

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

Homes in WHEATON, MN 56296 spend an average of 75 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in WHEATON, MN 56296?

Based on current inventory and days-on-market data as of March 2026, WHEATON, MN 56296 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 75 days on market compared to 90 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WHEATON, MN 56296 save an estimated $9,990 compared to a typical 5% commission on the median listing price of $499,500. 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.