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MAHNOMEN, MN 56557

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

Market Analysis

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

The MAHNOMEN, MN real estate market (56557) currently shows 9 active listings. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 70 days on market compared to 97 days last year.

The median listing price has risen 100.5% year-over-year, from $104,750 to $210,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
9
⇧ 80% vs 5 last year
Pending
0
0% pending ratio
Median Price
$210,000
⇧ 100.5% vs $104,750 last year
Average Price
$170,417
⇧ 62.7% vs $104,750 last year
Days on Market
70
⇩ 27.8% vs 97 days last year

Price Per Square Foot

Median $/sqft
$99
⇧ 102% vs $49/sqft last year
Median Home Size
1,406 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 5 last year
  • Days on market: 70 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $210,000 (+100.5% YoY)
  • Average: $170,417 (+62.7% 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 35.0 miles — 44 listings ($19,908,144 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56557Mahnomen, MN 565570.0 mi8$1,459,088$229,900$182,386
56566Naytahwaush, MN 5656611.8 mi1$524,000$524,000$524,000
56569Ogema, MN 5656917.3 mi4$1,475,884$391,500$368,971
56584Twin Valley, MN 5658419.8 mi2$449,900$224,950$224,950
56521Callaway, MN 5652122.8 mi2$548,900$274,450$274,450
56585Ulen, MN 5658525.2 mi2$1,597,000$798,500$798,500
56535Erskine, MN 5653526.1 mi7$6,064,723$861,238$866,389
56578Rochert, MN 5657828.8 mi2$999,500$499,750$499,750
56634Clearbrook, MN 5663432.2 mi4$430,000$107,500$107,500
56519Borup, MN 5651932.6 mi2$330,000$165,000$165,000
56511Audubon, MN 5651133.5 mi6$4,751,148$714,075$791,858
56715Brooks, MN 5671533.7 mi1$298,000$298,000$298,000
56644Gonvick, MN 5664435.0 mi3$980,001$385,000$326,667

Frequently Asked Questions

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

As of March 2026, there are 9 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 $210,000 as of March 2026, a 100.5% increase from $104,750 the prior year.

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

Homes in MAHNOMEN, MN 56557 spend an average of 70 days on the market before going under contract, compared to 97 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 March 2026, MAHNOMEN, MN 56557 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 70 days on market compared to 97 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 $4,200 compared to a typical 5% commission on the median listing price of $210,000. 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.