Call or Text (240) SELL-123

WHEATON, MN 56296

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

Market Overview

Active Listings
3
⇩ 50% vs 6 last year
Pending
0
0% pending ratio
Median Price
$144,500
⇩ 51.7% vs $299,250 last year
Average Price
$144,500
⇩ 53.1% vs $308,206 last year
Days on Market
68
⇩ 16% vs 81 days last year

Market Context

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

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

Market Analysis

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

The WHEATON, MN real estate market (56296) currently shows 3 active listings. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 68 days on market compared to 81 days last year.

The median listing price has fallen 51.7% year-over-year, from $299,250 to $144,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 6 last year
  • Days on market: 68 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $144,500 (-51.7% YoY)
  • Average: $144,500 (-53.1% 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 35.8 miles — 116 listings ($32,344,579 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56296Wheaton, MN 562960.0 mi3$433,500$144,500$144,500
56248Herman, MN 5624816.2 mi3$302,001$89,000$100,667
56240Graceville, MN 5624018.4 mi2$298,000$149,000$149,000
56590Wendell, MN 5659020.5 mi1$134,900$134,900$134,900
56219Browns Valley, MN 5621923.3 mi2$884,000$442,000$442,000
56531Elbow Lake, MN 5653125.8 mi13$2,472,925$190,000$190,225
56225Clinton, MN 5622526.0 mi2$528,000$264,000$264,000
56207Alberta, MN 5620729.7 mi1$78,500$78,500$78,500
56267Morris, MN 5626731.0 mi9$1,862,640$202,950$206,960
56520Breckenridge, MN 5652031.6 mi25$7,023,225$279,900$280,929
56278Ortonville, MN 5627833.8 mi16$5,175,600$245,000$323,475
57227Corona, SD 5722734.6 mi2$799,800$399,900$399,900
56537Fergus Falls, MN 5653735.8 mi37$12,351,488$330,000$333,824

Frequently Asked Questions

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

As of January 2026, there are 3 active listings in WHEATON, MN (zip code 56296), compared to 6 the prior year.

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

The median listing price in WHEATON, MN 56296 is $144,500 as of January 2026, a 51.7% decrease from $299,250 the prior year.

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

Homes in WHEATON, MN 56296 spend an average of 68 days on the market before going under contract, compared to 81 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 January 2026, WHEATON, MN 56296 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 81 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 $2,890 compared to a typical 5% commission on the median listing price of $144,500. 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.