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AITKIN, MN 56431

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

Market Overview

Active Listings
22
⇩ 29% vs 31 last year
Pending
8
36% pending ratio
Median Price
$396,000
⇧ 16.5% vs $339,900 last year
Average Price
$633,982
⇧ 77.3% vs $357,676 last year
Days on Market
71
⇧ 20.3% vs 59 days last year

Market Context

Population: 8,958  ·  Density: 7.5/mi²  ·  Median household income: $59,590

Typical home value: $244,125  ·  Homeownership: 84.8%

Market Analysis

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

The AITKIN, MN real estate market (56431) currently shows 22 active listings, with 8 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 71 days on market compared to 59 days last year.

The median listing price has risen 16.5% year-over-year, from $339,900 to $396,000.

Whether you are buying or selling in AITKIN, 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
  • Listings: 22 this year vs 31 last year
  • Days on market: 71 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $396,000 (+16.5% YoY)
  • Average: $633,982 (+77.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 34.8 miles — 205 listings ($107,067,207 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56431Aitkin, MN 564310.0 mi22$13,947,604$396,000$633,982
56455Ironton, MN 5645517.4 mi6$2,688,930$464,300$448,155
56450Garrison, MN 5645019.5 mi13$4,289,675$307,450$329,975
56469Palisade, MN 5646920.8 mi2$1,198,900$599,450$599,450
56465Merrifield, MN 5646522.6 mi13$9,700,548$614,950$746,196
56342Isle, MN 5634223.6 mi17$8,529,920$314,000$501,760
56442Crosslake, MN 5644225.3 mi18$14,159,664$399,900$786,648
56359Onamia, MN 5635927.2 mi16$7,737,488$317,500$483,593
56448Fifty Lakes, MN 5644829.8 mi1$725,000$725,000$725,000
55785Swatara, MN 5578530.8 mi1$729,000$729,000$729,000
56425Baxter, MN 5642532.0 mi42$17,861,592$415,000$425,276
56472Pequot Lakes, MN 5647234.1 mi53$24,748,986$419,900$466,962
56338Hillman, MN 5633834.8 mi1$749,900$749,900$749,900

Frequently Asked Questions

How many homes are for sale in AITKIN, MN 56431?

As of January 2026, there are 22 active listings in AITKIN, MN (zip code 56431), compared to 31 the prior year.

What is the median home price in AITKIN, MN 56431?

The median listing price in AITKIN, MN 56431 is $396,000 as of January 2026, a 16.5% increase from $339,900 the prior year.

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

Homes in AITKIN, MN 56431 spend an average of 71 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in AITKIN, MN 56431?

Based on current inventory and days-on-market data as of January 2026, AITKIN, MN 56431 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 71 days on market compared to 59 days last year.

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

With SELL123.com's maximum 3% commission, sellers in AITKIN, MN 56431 save an estimated $7,920 compared to a typical 5% commission on the median listing price of $396,000. 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.