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AITKIN, MN 56431

Real Estate Market Report  ·  Aitkin County
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The AITKIN, MN real estate market (56431) currently shows 64 active listings, with 17 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 58 days on market compared to 57 days last year.

The median listing price has risen 3% year-over-year, from $399,750 to $411,675.

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 Context

Market Context

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

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

Market Overview

Active Listings
64
⇧ 1.6% vs 63 last year
Pending
17
27% pending ratio
Median Price
$411,675
⇧ 3% vs $399,750 last year
Average Price
$512,315
⇧ 7.8% vs $475,444 last year
Days on Market
58
⇧ 1.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$295
⇧ 22.4% vs $241/sqft last year
Median Home Size
1,464 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 63 last year
  • Days on market: 58 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $411,675 (+3% YoY)
  • Average: $512,315 (+7.8% 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 34.8 miles — 209 listings ($119,276,183 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56431Aitkin, MN 564310.0 mi22$14,149,322$406,225$643,151
56455Ironton, MN 5645517.4 mi5$2,253,360$464,300$450,672
56450Garrison, MN 5645019.5 mi9$3,162,465$334,975$351,385
56469Palisade, MN 5646920.8 mi2$1,132,416$499,725$566,208
56465Merrifield, MN 5646522.6 mi15$14,658,645$790,000$977,243
56342Isle, MN 5634223.6 mi17$8,551,221$345,500$503,013
56442Crosslake, MN 5644225.3 mi20$19,964,900$695,750$998,245
56359Onamia, MN 5635927.2 mi13$7,303,582$307,400$561,814
56448Fifty Lakes, MN 5644829.8 mi2$1,450,000$725,000$725,000
55785Swatara, MN 5578530.8 mi1$729,000$729,000$729,000
56425Baxter, MN 5642532.0 mi44$18,315,880$399,975$416,270
56472Pequot Lakes, MN 5647234.1 mi58$26,910,492$477,450$463,974
56338Hillman, MN 5633834.8 mi1$694,900$694,900$694,900

Frequently Asked Questions

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

As of July 2026, there are 64 active listings in AITKIN, MN (zip code 56431), compared to 63 the prior year.

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

The median listing price in AITKIN, MN 56431 is $411,675 as of July 2026, a 3% increase from $399,750 the prior year.

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

Homes in AITKIN, MN 56431 spend an average of 58 days on the market before going under contract, compared to 57 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 July 2026, AITKIN, MN 56431 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 57 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 $8,234 compared to a typical 5% commission on the median listing price of $411,675. 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.