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PARK RAPIDS, MN 56470

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

Market Overview

Active Listings
47
⇧ 27% vs 37 last year
Pending
14
30% pending ratio
Median Price
$329,000
⇧ 32% vs $249,225 last year
Average Price
$496,174
⇧ 62.7% vs $305,046 last year
Days on Market
102
⇩ 14.3% vs 119 days last year

Market Context

Population: 10,653  ·  Density: 10.8/mi²  ·  Median household income: $65,305

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

Market Analysis

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

The PARK RAPIDS, MN real estate market (56470) currently shows 47 active listings, with 14 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 102 days on market compared to 119 days last year.

The median listing price has risen 32% year-over-year, from $249,225 to $329,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 37 last year
  • Days on market: 102 now vs 119 last year

Median & Average Pricing

Year over Year
  • Median: $329,000 (+32% YoY)
  • Average: $496,174 (+62.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 36.8 miles — 364 listings ($166,956,430 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56470Park Rapids, MN 564700.0 mi47$23,320,178$329,000$496,174
56458Lake George, MN 5645813.0 mi3$1,169,898$289,997$389,966
56575Ponsford, MN 5657515.9 mi2$854,000$427,000$427,000
56461Laporte, MN 5646117.9 mi9$5,141,475$374,950$571,275
56477Sebeka, MN 5647726.7 mi9$2,515,500$221,950$279,500
56678Solway, MN 5667828.1 mi3$1,053,750$351,250$351,250
56484Walker, MN 5648429.6 mi33$14,871,648$344,450$450,656
56452Hackensack, MN 5645230.3 mi14$9,698,738$375,000$692,767
56621Bagley, MN 5662130.6 mi12$7,185,360$309,000$598,780
56633Cass Lake, MN 5663334.2 mi26$10,273,458$230,000$395,133
56676Shevlin, MN 5667634.8 mi1$233,000$233,000$233,000
56601Bemidji, MN 5660135.5 mi133$51,343,985$350,000$386,045
56501Detroit Lakes, MN 5650136.8 mi72$39,295,440$415,000$545,770

Frequently Asked Questions

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

As of January 2026, there are 47 active listings in PARK RAPIDS, MN (zip code 56470), compared to 37 the prior year.

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

The median listing price in PARK RAPIDS, MN 56470 is $329,000 as of January 2026, a 32% increase from $249,225 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 102 days on the market before going under contract, compared to 119 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 January 2026, PARK RAPIDS, MN 56470 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 102 days on market compared to 119 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 $6,580 compared to a typical 5% commission on the median listing price of $329,000. 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.