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ERHARD, MN 56534

Real Estate Market Report  ·  Otter Tail County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ERHARD, MN real estate market (56534) currently shows 4 active listings, with 1 pending sales. Homes are averaging 209 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 209 days on market compared to 79 days last year.

The median listing price has risen 41% year-over-year, from $390,000 to $549,900.

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 Context

Market Context

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

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

Market Overview

Active Listings
4
vs 4 last year
Pending
1
25% pending ratio
Median Price
$549,900
⇧ 41% vs $390,000 last year
Average Price
$476,433
⇧ 19.1% vs $400,000 last year
Days on Market
209
⇧ 164.6% vs 79 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 39.4% vs $155/sqft last year
Median Home Size
2,544 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 209 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $549,900 (+41% YoY)
  • Average: $476,433 (+19.1% 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 31.3 miles — 89 listings ($42,632,701 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56534Erhard, MN 565340.0 mi4$1,905,732$549,900$476,433
56572Pelican Rapids, MN 5657210.4 mi19$14,701,478$427,500$773,762
56586Underwood, MN 5658612.8 mi6$1,589,628$292,400$264,938
56587Vergas, MN 5658714.0 mi3$1,608,900$489,000$536,300
56579Rothsay, MN 5657915.6 mi2$447,500$223,750$223,750
56324Dalton, MN 5632421.3 mi2$269,800$134,900$134,900
56514Barnesville, MN 5651423.7 mi14$5,154,576$325,250$368,184
56524Clitherall, MN 5652426.2 mi6$3,574,020$285,425$595,670
56511Audubon, MN 5651126.9 mi6$4,751,148$714,075$791,858
56309Ashby, MN 5630928.3 mi4$1,296,952$319,000$324,238
56551Henning, MN 5655128.7 mi10$3,673,960$305,700$367,396
56588Vining, MN 5658829.8 mi2$459,800$229,900$229,900
56567New York Mills, MN 5656731.3 mi11$3,199,207$264,900$290,837

Frequently Asked Questions

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

As of March 2026, there are 4 active listings in ERHARD, MN (zip code 56534), compared to 4 the prior year.

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

The median listing price in ERHARD, MN 56534 is $549,900 as of March 2026, a 41% increase from $390,000 the prior year.

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

Homes in ERHARD, MN 56534 spend an average of 209 days on the market before going under contract, compared to 79 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 March 2026, ERHARD, MN 56534 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 209 days on market compared to 79 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 $10,998 compared to a typical 5% commission on the median listing price of $549,900. 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.