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HENDRUM, MN 56550

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

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$126,950
⇧ 33.8% vs $94,900 last year
Average Price
$126,950
⇧ 33.8% vs $94,900 last year
Days on Market
74
⇧ 100% vs 37 days last year

Market Context

Population: 267  ·  Density: 2.1/mi²  ·  Median household income: $59,583

Typical home value: $162,488  ·  Homeownership: 82.5%

Market Analysis

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

The HENDRUM, MN real estate market (56550) currently shows 2 active listings, with 1 pending sales. Homes are averaging 74 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 taking longer to sell, averaging 74 days on market compared to 37 days last year.

The median listing price has risen 33.8% year-over-year, from $94,900 to $126,950.

Whether you are buying or selling in HENDRUM, 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: 2 this year vs 1 last year
  • Days on market: 74 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $126,950 (+33.8% YoY)
  • Average: $126,950 (+33.8% 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 31.3 miles — 339 listings ($109,607,210 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56550Hendrum, MN 565500.0 mi2$253,900$126,950$126,950
56548Halstad, MN 565487.0 mi4$724,000$85,000$181,000
56581Shelly, MN 5658113.0 mi1$184,900$184,900$184,900
58045Hillsboro, ND 5804515.2 mi6$1,311,402$232,500$218,567
56536Felton, MN 5653618.5 mi0$0$115,000$115,000
56584Twin Valley, MN 5658424.3 mi1$209,900$209,900$209,900
58006Arthur, ND 5800624.5 mi1$470,000$470,000$470,000
58218Buxton, ND 5821826.7 mi5$1,485,400$264,500$297,080
56529Dilworth, MN 5652927.0 mi18$6,063,030$344,900$336,835
58103Fargo, ND 5810328.8 mi113$37,672,279$275,000$333,383
58257Mayville, ND 5825729.3 mi8$1,764,000$238,500$220,500
56560Moorhead, MN 5656030.0 mi179$59,281,399$314,900$331,181
58035Galesburg, ND 5803531.3 mi1$187,000$187,000$187,000

Frequently Asked Questions

How many homes are for sale in HENDRUM, MN 56550?

As of January 2026, there are 2 active listings in HENDRUM, MN (zip code 56550), compared to 1 the prior year.

What is the median home price in HENDRUM, MN 56550?

The median listing price in HENDRUM, MN 56550 is $126,950 as of January 2026, a 33.8% increase from $94,900 the prior year.

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

Homes in HENDRUM, MN 56550 spend an average of 74 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in HENDRUM, MN 56550?

Based on current inventory and days-on-market data as of January 2026, HENDRUM, MN 56550 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 37 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HENDRUM, MN 56550 save an estimated $2,539 compared to a typical 5% commission on the median listing price of $126,950. 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.