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PARKERS PRAIRIE, MN 56361

Real Estate Market Report  ·  Otter Tail County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
vs 6 last year
Pending
1
17% pending ratio
Median Price
$339,000
⇩ 9.6% vs $375,000 last year
Average Price
$427,500
⇩ 7.9% vs $464,380 last year
Days on Market
127
⇩ 14.2% vs 148 days last year

Market Context

Population: 2,650  ·  Density: 6.5/mi²  ·  Median household income: $69,556

Typical home value: $198,466  ·  Homeownership: 86.4%

Market Analysis

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

The PARKERS PRAIRIE, MN real estate market (56361) currently shows 6 active listings, with 1 pending sales. Homes are averaging 127 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 127 days on market compared to 148 days last year.

The median listing price has fallen 9.6% year-over-year, from $375,000 to $339,000.

Whether you are buying or selling in PARKERS PRAIRIE, 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
  • Days on market: 127 now vs 148 last year

Median & Average Pricing

Year over Year
  • Median: $339,000 (-9.6% YoY)
  • Average: $427,500 (-7.9% 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 27.4 miles — 93 listings ($30,630,982 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56361Parkers Prairie, MN 563610.0 mi6$2,565,000$339,000$427,500
56588Vining, MN 565888.9 mi2$459,800$229,900$229,900
56319Carlos, MN 5631912.1 mi4$1,693,200$450,000$423,300
56453Hewitt, MN 5645313.4 mi3$569,850$189,950$189,950
56437Bertha, MN 5643714.7 mi5$1,248,900$200,000$249,780
56332Garfield, MN 5633215.6 mi1$210,000$210,000$210,000
56440Clarissa, MN 5644018.1 mi2$277,250$138,625$138,625
56515Battle Lake, MN 5651520.0 mi16$6,298,928$259,900$393,683
56571Ottertail, MN 5657121.5 mi15$5,335,500$319,000$355,700
56482Wadena, MN 5648222.9 mi24$6,314,400$259,950$263,100
56438Browerville, MN 5643825.3 mi8$3,509,064$417,000$438,633
56586Underwood, MN 5658626.6 mi6$1,721,640$284,900$286,940
56324Dalton, MN 5632427.4 mi1$427,450$427,450$427,450

Frequently Asked Questions

How many homes are for sale in PARKERS PRAIRIE, MN 56361?

As of January 2026, there are 6 active listings in PARKERS PRAIRIE, MN (zip code 56361), compared to 6 the prior year.

What is the median home price in PARKERS PRAIRIE, MN 56361?

The median listing price in PARKERS PRAIRIE, MN 56361 is $339,000 as of January 2026, a 9.6% decrease from $375,000 the prior year.

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

Homes in PARKERS PRAIRIE, MN 56361 spend an average of 127 days on the market before going under contract, compared to 148 days the prior year.

Is it a seller's or buyer's market in PARKERS PRAIRIE, MN 56361?

Based on current inventory and days-on-market data as of January 2026, PARKERS PRAIRIE, MN 56361 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 127 days on market compared to 148 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PARKERS PRAIRIE, MN 56361 save an estimated $6,780 compared to a typical 5% commission on the median listing price of $339,000. 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.