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AITKIN, MN 56431

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

Market Analysis

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

The AITKIN, MN real estate market (56431) currently shows 38 active listings, with 11 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

The median listing price has risen 8.7% year-over-year, from $395,450 to $429,975.

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
38
⇩ 15.6% vs 45 last year
Pending
11
29% pending ratio
Median Price
$429,975
⇧ 8.7% vs $395,450 last year
Average Price
$605,793
⇧ 22.8% vs $493,186 last year
Days on Market
37
vs 37 days last year

Price Per Square Foot

Median $/sqft
$285
⇧ 22.3% vs $233/sqft last year
Median Home Size
1,664 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 45 last year
  • Days on market: 37 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $429,975 (+8.7% YoY)
  • Average: $605,793 (+22.8% 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 April 2026, there are 38 active listings in AITKIN, MN (zip code 56431), compared to 45 the prior year.

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

The median listing price in AITKIN, MN 56431 is $429,975 as of April 2026, a 8.7% increase from $395,450 the prior year.

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

Homes in AITKIN, MN 56431 spend an average of 37 days on the market before going under contract, compared to 37 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 April 2026, AITKIN, MN 56431 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

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 $8,600 compared to a typical 5% commission on the median listing price of $429,975. 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.