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NEW YORK MILLS, MN 56567

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

Market Overview

Active Listings
13
⇧ 116.7% vs 6 last year
Pending
6
46% pending ratio
Median Price
$344,950
⇧ 27.8% vs $269,875 last year
Average Price
$361,114
⇧ 0.3% vs $360,075 last year
Days on Market
71
⇩ 34.3% vs 108 days last year

Market Context

Population: 3,163  ·  Density: 8.2/mi²  ·  Median household income: $68,448

Typical home value: $170,924  ·  Homeownership: 78.1%

Market Analysis

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

The NEW YORK MILLS, MN real estate market (56567) currently shows 13 active listings, with 6 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 71 days on market compared to 108 days last year.

The median listing price has risen 27.8% year-over-year, from $269,875 to $344,950.

Whether you are buying or selling in NEW YORK MILLS, 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: 13 this year vs 6 last year
  • Days on market: 71 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $344,950 (+27.8% YoY)
  • Average: $361,114 (+0.3% 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 31.4 miles — 182 listings ($84,099,345 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56567New York Mills, MN 565670.0 mi13$4,694,482$344,950$361,114
56571Ottertail, MN 5657111.2 mi15$5,335,500$319,000$355,700
56527Deer Creek, MN 5652712.3 mi1$169,900$169,900$169,900
56576Richville, MN 5657617.0 mi7$4,396,931$484,950$628,133
56477Sebeka, MN 5647718.8 mi9$2,515,500$221,950$279,500
56464Menahga, MN 5646419.5 mi23$9,088,864$394,900$395,168
56481Verndale, MN 5648121.4 mi3$1,975,350$417,400$658,450
56515Battle Lake, MN 5651524.0 mi16$6,298,928$259,900$393,683
56570Osage, MN 5657025.0 mi6$1,945,800$249,000$324,300
56524Clitherall, MN 5652426.0 mi6$3,911,760$329,000$651,960
56586Underwood, MN 5658627.4 mi6$1,721,640$284,900$286,940
56501Detroit Lakes, MN 5650129.3 mi72$39,295,440$415,000$545,770
56534Erhard, MN 5653431.4 mi5$2,749,250$612,450$549,850

Frequently Asked Questions

How many homes are for sale in NEW YORK MILLS, MN 56567?

As of January 2026, there are 13 active listings in NEW YORK MILLS, MN (zip code 56567), compared to 6 the prior year.

What is the median home price in NEW YORK MILLS, MN 56567?

The median listing price in NEW YORK MILLS, MN 56567 is $344,950 as of January 2026, a 27.8% increase from $269,875 the prior year.

How long do homes stay on the market in NEW YORK MILLS, MN?

Homes in NEW YORK MILLS, MN 56567 spend an average of 71 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in NEW YORK MILLS, MN 56567?

Based on current inventory and days-on-market data as of January 2026, NEW YORK MILLS, MN 56567 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 71 days on market compared to 108 days last year.

How much can I save on real estate commission in NEW YORK MILLS, MN?

With SELL123.com's maximum 3% commission, sellers in NEW YORK MILLS, MN 56567 save an estimated $6,899 compared to a typical 5% commission on the median listing price of $344,950. 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.