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PARK RAPIDS, MN 56470

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

Market Analysis

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

The PARK RAPIDS, MN real estate market (56470) currently shows 52 active listings, with 18 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 93 days on market compared to 60 days last year.

The median listing price has risen 5.6% year-over-year, from $349,900 to $369,488.

Whether you are buying or selling in PARK RAPIDS, 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: 10,653  ·  Density: 10.8/mi²  ·  Median household income: $65,305

Typical home value: $253,861  ·  Homeownership: 71.9%

Market Overview

Active Listings
52
⇧ 57.6% vs 33 last year
Pending
18
35% pending ratio
Median Price
$369,488
⇧ 5.6% vs $349,900 last year
Average Price
$568,070
⇧ 59.7% vs $355,638 last year
Days on Market
93
⇧ 55% vs 60 days last year

Price Per Square Foot

Median $/sqft
$207
⇧ 11.9% vs $185/sqft last year
Median Home Size
2,084 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 33 last year
  • Days on market: 93 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $369,488 (+5.6% YoY)
  • Average: $568,070 (+59.7% 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 37.7 miles — 193 listings ($110,714,595 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56470Park Rapids, MN 564700.0 mi44$27,308,688$359,975$620,652
56458Lake George, MN 5645813.0 mi3$1,327,497$442,499$442,499
56575Ponsford, MN 5657515.9 mi2$854,000$427,000$427,000
56461Laporte, MN 5646117.9 mi10$5,361,120$328,800$536,112
56477Sebeka, MN 5647726.7 mi8$1,744,096$214,900$218,012
56678Solway, MN 5667828.1 mi3$904,374$316,875$301,458
56484Walker, MN 5648429.6 mi33$15,332,361$359,475$464,617
56452Hackensack, MN 5645230.3 mi13$7,915,739$369,900$608,903
56621Bagley, MN 5662130.6 mi12$7,930,116$457,400$660,843
56633Cass Lake, MN 5663334.2 mi24$8,993,352$236,000$374,723
56567New York Mills, MN 5656735.3 mi11$3,199,207$264,900$290,837
56573Perham, MN 5657335.7 mi29$29,169,795$367,750$1,005,855
56651Lengby, MN 5665137.7 mi1$674,250$674,250$674,250

Frequently Asked Questions

How many homes are for sale in PARK RAPIDS, MN 56470?

As of March 2026, there are 52 active listings in PARK RAPIDS, MN (zip code 56470), compared to 33 the prior year.

What is the median home price in PARK RAPIDS, MN 56470?

The median listing price in PARK RAPIDS, MN 56470 is $369,488 as of March 2026, a 5.6% increase from $349,900 the prior year.

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

Homes in PARK RAPIDS, MN 56470 spend an average of 93 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in PARK RAPIDS, MN 56470?

Based on current inventory and days-on-market data as of March 2026, PARK RAPIDS, MN 56470 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 93 days on market compared to 60 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PARK RAPIDS, MN 56470 save an estimated $7,390 compared to a typical 5% commission on the median listing price of $369,488. 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.