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PEQUOT LAKES, MN 56472

Real Estate Market Report  ·  Cass County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PEQUOT LAKES, MN real estate market (56472) currently shows 128 active listings, with 25 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 60 days on market compared to 55 days last year.

The median listing price has risen 17.7% year-over-year, from $424,900 to $499,900.

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Market Context

Market Context

Population: 8,521  ·  Density: 21.2/mi²  ·  Median household income: $78,574

Typical home value: $283,659  ·  Homeownership: 85.1%

Market Overview

Active Listings
128
⇧ 30.6% vs 98 last year
Pending
25
20% pending ratio
Median Price
$499,900
⇧ 17.7% vs $424,900 last year
Average Price
$624,687
⇩ 2.1% vs $638,135 last year
Days on Market
60
⇧ 9.1% vs 55 days last year

Price Per Square Foot

Median $/sqft
$276
⇧ 14% vs $242/sqft last year
Median Home Size
1,979 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 128 this year vs 98 last year
  • Days on market: 60 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $499,900 (+17.7% YoY)
  • Average: $624,687 (-2.1% 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 34.0 miles — 327 listings ($163,045,057 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56472Pequot Lakes, MN 564720.0 mi58$26,910,492$477,450$463,974
56474Pine River, MN 5647410.4 mi22$10,834,868$448,675$492,494
56442Crosslake, MN 5644213.8 mi20$19,964,900$695,750$998,245
56425Baxter, MN 5642516.4 mi44$18,315,880$399,975$416,270
56466Motley, MN 5646617.4 mi8$2,529,664$322,400$316,208
56455Ironton, MN 5645518.5 mi5$2,253,360$464,300$450,672
56401Brainerd, MN 5640120.6 mi118$53,976,622$378,500$457,429
56447Emily, MN 5644724.1 mi5$2,183,000$349,900$436,600
56452Hackensack, MN 5645226.3 mi13$7,915,739$369,900$608,903
56662Outing, MN 5666228.3 mi3$1,687,374$557,475$562,458
56655Longville, MN 5665528.7 mi11$7,863,779$530,975$714,889
56433Akeley, MN 5643331.0 mi11$5,446,914$398,450$495,174
56450Garrison, MN 5645034.0 mi9$3,162,465$334,975$351,385

Frequently Asked Questions

How many homes are for sale in PEQUOT LAKES, MN 56472?

As of September 2026, there are 128 active listings in PEQUOT LAKES, MN (zip code 56472), compared to 98 the prior year.

What is the median home price in PEQUOT LAKES, MN 56472?

The median listing price in PEQUOT LAKES, MN 56472 is $499,900 as of September 2026, a 17.7% increase from $424,900 the prior year.

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

Homes in PEQUOT LAKES, MN 56472 spend an average of 60 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in PEQUOT LAKES, MN 56472?

Based on current inventory and days-on-market data as of September 2026, PEQUOT LAKES, MN 56472 is currently a Buyer's Market. Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 55 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEQUOT LAKES, MN 56472 save an estimated $9,998 compared to a typical 5% commission on the median listing price of $499,900. 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.