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PEASE, MN 56363

Real Estate Market Report  ·  Mille Lacs County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PEASE, MN real estate market (56363) currently shows 5 active listings, with 1 pending sales. Homes are averaging 108 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 108 days on market compared to 75 days last year.

The median listing price has risen 14% year-over-year, from $299,900 to $341,900.

Whether you are buying or selling in PEASE, 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: 247  ·  Density: 85.8/mi²  ·  Median household income: $60,208

Typical home value: $142,572  ·  Homeownership: 79.6%

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$341,900
⇧ 14% vs $299,900 last year
Average Price
$339,675
⇧ 13.3% vs $299,900 last year
Days on Market
108
⇧ 44% vs 75 days last year

Price Per Square Foot

Median $/sqft
$277
⇧ 27.6% vs $217/sqft last year
Median Home Size
1,240 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 108 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $341,900 (+14% YoY)
  • Average: $339,675 (+13.3% 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 27.8 miles — 444 listings ($203,051,421 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56363Pease, MN 563630.0 mi4$1,362,552$345,900$340,638
56353Milaca, MN 563537.1 mi26$10,086,362$332,725$387,937
55017Dalbo, MN 5501710.9 mi2$1,699,800$849,900$849,900
56358Ogilvie, MN 5635814.0 mi8$2,680,992$342,500$335,124
55308Becker, MN 5530820.4 mi30$11,877,810$381,138$395,927
55319Clear Lake, MN 5531920.9 mi49$21,509,775$366,400$438,975
55080Stanchfield, MN 5508021.1 mi4$2,355,716$487,500$588,929
55029Grandy, MN 5502922.3 mi1$239,900$239,900$239,900
56304Saint Cloud, MN 5630422.6 mi48$16,163,424$349,900$336,738
55070Saint Francis, MN 5507023.5 mi45$20,518,515$403,700$455,967
55040Isanti, MN 5504024.1 mi63$26,736,507$389,950$424,389
55330Elk River, MN 5533025.4 mi161$86,020,368$466,500$534,288
55030Grasston, MN 5503027.8 mi3$1,799,700$599,900$599,900

Frequently Asked Questions

How many homes are for sale in PEASE, MN 56363?

As of March 2026, there are 5 active listings in PEASE, MN (zip code 56363), compared to 2 the prior year.

What is the median home price in PEASE, MN 56363?

The median listing price in PEASE, MN 56363 is $341,900 as of March 2026, a 14% increase from $299,900 the prior year.

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

Homes in PEASE, MN 56363 spend an average of 108 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in PEASE, MN 56363?

Based on current inventory and days-on-market data as of March 2026, PEASE, MN 56363 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 108 days on market compared to 75 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEASE, MN 56363 save an estimated $6,838 compared to a typical 5% commission on the median listing price of $341,900. 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.