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GARY, MN 56545

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

Market Analysis

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

The GARY, MN real estate market (56545) currently shows 2 active listings, with 1 pending sales. Homes are averaging 11 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 11 days on market compared to 82 days last year.

The median listing price has risen 100.1% year-over-year, from $169,900 to $340,000.

Whether you are buying or selling in GARY, 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: 660  ·  Density: 1.7/mi²  ·  Median household income: $73,000

Typical home value: $155,289  ·  Homeownership: 91.2%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$340,000
⇧ 100.1% vs $169,900 last year
Average Price
$340,000
⇧ 100.1% vs $169,900 last year
Days on Market
11
⇩ 86.6% vs 82 days last year

Price Per Square Foot

Median $/sqft
$155
⇧ 46.2% vs $106/sqft last year
Median Home Size
2,196 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 11 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $340,000 (+100.1% YoY)
  • Average: $340,000 (+100.1% 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 36.8 miles — 72 listings ($20,514,838 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56584Twin Valley, MN 5658410.7 mi2$449,900$224,950$224,950
56510Ada, MN 5651013.4 mi16$3,739,936$227,500$233,746
56519Borup, MN 5651919.5 mi2$330,000$165,000$165,000
56535Erskine, MN 5653522.0 mi7$6,064,723$861,238$866,389
56548Halstad, MN 5654824.1 mi5$907,500$110,000$181,500
56550Hendrum, MN 5655025.2 mi2$120,000$60,000$60,000
56556Mcintosh, MN 5655625.4 mi7$1,132,460$185,000$161,780
56589Waubun, MN 5658928.3 mi8$2,383,520$234,750$297,940
56569Ogema, MN 5656929.2 mi4$1,475,884$391,500$368,971
56566Naytahwaush, MN 5656630.9 mi1$524,000$524,000$524,000
56523Climax, MN 5652331.7 mi2$289,000$144,500$144,500
56750Red Lake Falls, MN 5675035.0 mi11$2,019,600$133,950$183,600
58045Hillsboro, ND 5804536.8 mi5$1,078,315$236,250$215,663

Frequently Asked Questions

How many homes are for sale in GARY, MN 56545?

As of March 2026, there are 2 active listings in GARY, MN (zip code 56545), compared to 1 the prior year.

What is the median home price in GARY, MN 56545?

The median listing price in GARY, MN 56545 is $340,000 as of March 2026, a 100.1% increase from $169,900 the prior year.

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

Homes in GARY, MN 56545 spend an average of 11 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in GARY, MN 56545?

Based on current inventory and days-on-market data as of March 2026, GARY, MN 56545 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 11 days on market compared to 82 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GARY, MN 56545 save an estimated $6,800 compared to a typical 5% commission on the median listing price of $340,000. 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.