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MERRIFIELD, MN 56465

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

Market Overview

Active Listings
13
⇩ 7.1% vs 14 last year
Pending
4
31% pending ratio
Median Price
$614,950
⇧ 53.8% vs $399,900 last year
Average Price
$746,196
⇧ 39.2% vs $536,187 last year
Days on Market
129
⇧ 12.2% vs 115 days last year

Market Context

Population: 2,241  ·  Density: 22.5/mi²  ·  Median household income: $69,292

Typical home value: $318,802  ·  Homeownership: 93.4%

Market Analysis

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

The MERRIFIELD, MN real estate market (56465) currently shows 13 active listings, with 4 pending sales. Homes are averaging 129 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 129 days on market compared to 115 days last year.

The median listing price has risen 53.8% year-over-year, from $399,900 to $614,950.

Whether you are buying or selling in MERRIFIELD, 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: 13 this year vs 14 last year
  • Days on market: 129 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $614,950 (+53.8% YoY)
  • Average: $746,196 (+39.2% 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 32.9 miles — 142 listings ($75,641,752 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56465Merrifield, MN 564650.0 mi13$9,700,548$614,950$746,196
56455Ironton, MN 564557.8 mi6$2,688,930$464,300$448,155
56442Crosslake, MN 564429.8 mi18$14,159,664$399,900$786,648
56444Deerwood, MN 5644413.8 mi9$4,633,425$379,900$514,825
56425Baxter, MN 5642515.6 mi42$17,861,592$415,000$425,276
56447Emily, MN 5644717.4 mi5$1,987,250$312,450$397,450
56473Pillager, MN 5647321.5 mi8$4,111,864$549,500$513,983
56662Outing, MN 5666223.7 mi3$1,679,901$550,000$559,967
56466Motley, MN 5646626.0 mi6$2,115,240$379,900$352,540
56435Backus, MN 5643527.3 mi12$4,384,800$337,450$365,400
56469Palisade, MN 5646931.7 mi2$1,198,900$599,450$599,450
56443Cushing, MN 5644332.4 mi4$1,420,900$328,450$355,225
56452Hackensack, MN 5645232.9 mi14$9,698,738$375,000$692,767

Frequently Asked Questions

How many homes are for sale in MERRIFIELD, MN 56465?

As of January 2026, there are 13 active listings in MERRIFIELD, MN (zip code 56465), compared to 14 the prior year.

What is the median home price in MERRIFIELD, MN 56465?

The median listing price in MERRIFIELD, MN 56465 is $614,950 as of January 2026, a 53.8% increase from $399,900 the prior year.

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

Homes in MERRIFIELD, MN 56465 spend an average of 129 days on the market before going under contract, compared to 115 days the prior year.

Is it a seller's or buyer's market in MERRIFIELD, MN 56465?

Based on current inventory and days-on-market data as of January 2026, MERRIFIELD, MN 56465 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 129 days on market compared to 115 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MERRIFIELD, MN 56465 save an estimated $12,299 compared to a typical 5% commission on the median listing price of $614,950. 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.