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MAHNOMEN, MN 56557

Real Estate Market Report  ·  Mahnomen County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇧ 20% vs 5 last year
Pending
1
17% pending ratio
Median Price
$159,900
⇧ 28.4% vs $124,500 last year
Average Price
$164,383
⇧ 24% vs $132,617 last year
Days on Market
87
⇩ 16.3% vs 104 days last year

Market Context

Population: 2,863  ·  Density: 4.7/mi²  ·  Median household income: $50,461

Typical home value: $111,169  ·  Homeownership: 66.1%

Market Analysis

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

The MAHNOMEN, MN real estate market (56557) currently shows 6 active listings, with 1 pending sales. Homes are averaging 87 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 87 days on market compared to 104 days last year.

The median listing price has risen 28.4% year-over-year, from $124,500 to $159,900.

Whether you are buying or selling in MAHNOMEN, 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: 6 this year vs 5 last year
  • Days on market: 87 now vs 104 last year

Median & Average Pricing

Year over Year
  • Median: $159,900 (+28.4% YoY)
  • Average: $164,383 (+24% 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 34.4 miles — 77 listings ($26,652,505 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56557Mahnomen, MN 565570.0 mi6$986,298$159,900$164,383
56566Naytahwaush, MN 5656611.8 mi1$524,000$524,000$524,000
56592Winger, MN 5659216.6 mi2$318,900$159,450$159,450
56542Fosston, MN 5654217.6 mi10$2,170,220$195,900$217,022
56621Bagley, MN 5662120.6 mi12$7,185,360$309,000$598,780
56556Mcintosh, MN 5655623.6 mi7$1,148,469$185,000$164,067
56540Fertile, MN 5654025.5 mi6$1,191,000$199,999$198,500
56575Ponsford, MN 5657527.5 mi2$854,000$427,000$427,000
56736Mentor, MN 5673631.8 mi7$3,074,036$384,950$439,148
56510Ada, MN 5651032.2 mi16$3,901,072$227,500$243,817
56676Shevlin, MN 5667632.8 mi1$233,000$233,000$233,000
56511Audubon, MN 5651133.5 mi4$4,012,400$944,200$1,003,100
56678Solway, MN 5667834.4 mi3$1,053,750$351,250$351,250

Frequently Asked Questions

How many homes are for sale in MAHNOMEN, MN 56557?

As of January 2026, there are 6 active listings in MAHNOMEN, MN (zip code 56557), compared to 5 the prior year.

What is the median home price in MAHNOMEN, MN 56557?

The median listing price in MAHNOMEN, MN 56557 is $159,900 as of January 2026, a 28.4% increase from $124,500 the prior year.

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

Homes in MAHNOMEN, MN 56557 spend an average of 87 days on the market before going under contract, compared to 104 days the prior year.

Is it a seller's or buyer's market in MAHNOMEN, MN 56557?

Based on current inventory and days-on-market data as of January 2026, MAHNOMEN, MN 56557 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 87 days on market compared to 104 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MAHNOMEN, MN 56557 save an estimated $3,198 compared to a typical 5% commission on the median listing price of $159,900. 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.