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ERHARD, MN 56534

Real Estate Market Report  ·  Otter Tail County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$612,450
⇧ 53.1% vs $400,000 last year
Average Price
$549,850
⇧ 37.5% vs $400,000 last year
Days on Market
156
⇧ 116.7% vs 72 days last year

Market Context

Population: 1,284  ·  Density: 7.7/mi²  ·  Median household income: $81,111

Typical home value: $218,735  ·  Homeownership: 93.4%

Market Analysis

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

The ERHARD, MN real estate market (56534) currently shows 5 active listings, with 1 pending sales. Homes are averaging 156 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 156 days on market compared to 72 days last year.

The median listing price has risen 53.1% year-over-year, from $400,000 to $612,450.

Whether you are buying or selling in ERHARD, 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: 5 this year vs 2 last year
  • Days on market: 156 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $612,450 (+53.1% YoY)
  • Average: $549,850 (+37.5% 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 30.4 miles — 95 listings ($49,094,761 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56534Erhard, MN 565340.0 mi5$2,749,250$612,450$549,850
56572Pelican Rapids, MN 5657210.4 mi20$15,220,120$455,000$761,006
56586Underwood, MN 5658612.8 mi6$1,721,640$284,900$286,940
56587Vergas, MN 5658714.0 mi3$1,638,000$489,000$546,000
56579Rothsay, MN 5657915.6 mi3$597,000$199,000$199,000
56324Dalton, MN 5632421.3 mi1$427,450$427,450$427,450
56514Barnesville, MN 5651423.7 mi15$4,897,650$287,950$326,510
56524Clitherall, MN 5652426.2 mi6$3,911,760$329,000$651,960
56511Audubon, MN 5651126.9 mi4$4,012,400$944,200$1,003,100
56309Ashby, MN 5630928.3 mi3$973,332$335,333$324,444
56551Henning, MN 5655128.7 mi8$2,741,400$264,000$342,675
56554Lake Park, MN 5655429.5 mi8$3,489,024$499,000$436,128
56549Hawley, MN 5654930.4 mi13$6,715,735$524,676$516,595

Frequently Asked Questions

How many homes are for sale in ERHARD, MN 56534?

As of January 2026, there are 5 active listings in ERHARD, MN (zip code 56534), compared to 2 the prior year.

What is the median home price in ERHARD, MN 56534?

The median listing price in ERHARD, MN 56534 is $612,450 as of January 2026, a 53.1% increase from $400,000 the prior year.

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

Homes in ERHARD, MN 56534 spend an average of 156 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in ERHARD, MN 56534?

Based on current inventory and days-on-market data as of January 2026, ERHARD, MN 56534 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 156 days on market compared to 72 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ERHARD, MN 56534 save an estimated $12,249 compared to a typical 5% commission on the median listing price of $612,450. 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.