Call or Text (240) SELL-123

OTTERTAIL, MN 56571

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

Market Analysis

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

The OTTERTAIL, MN real estate market (56571) currently shows 40 active listings, with 13 pending sales. Homes are averaging 55 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 55 days on market compared to 58 days last year.

The median listing price has fallen 24% year-over-year, from $411,950 to $313,225.

Whether you are buying or selling in OTTERTAIL, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for OTTERTAIL, MN 56571 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 1,716  ·  Density: 14.3/mi²  ·  Median household income: $85,200

Typical home value: $303,801  ·  Homeownership: 90.8%

Market Overview

Active Listings
40
⇧ 2.6% vs 39 last year
Pending
13
33% pending ratio
Median Price
$313,225
⇩ 24% vs $411,950 last year
Average Price
$465,293
⇩ 3.4% vs $481,858 last year
Days on Market
55
⇩ 5.2% vs 58 days last year

Price Per Square Foot

Median $/sqft
$304
⇧ 14.3% vs $266/sqft last year
Median Home Size
1,160 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 39 last year
  • Days on market: 55 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $313,225 (-24% YoY)
  • Average: $465,293 (-3.4% 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 29.3 miles — 85 listings ($39,005,430 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56571Ottertail, MN 565710.0 mi15$5,498,250$353,500$366,550
56551Henning, MN 565519.3 mi10$3,673,960$305,700$367,396
56527Deer Creek, MN 5652711.5 mi2$618,900$309,450$309,450
56515Battle Lake, MN 5651512.8 mi7$3,349,920$349,999$478,560
56588Vining, MN 5658815.2 mi2$459,800$229,900$229,900
56586Underwood, MN 5658616.4 mi6$1,589,628$292,400$264,938
56453Hewitt, MN 5645320.0 mi3$719,700$239,900$239,900
56361Parkers Prairie, MN 5636121.5 mi8$3,173,336$270,375$396,667
56534Erhard, MN 5653422.7 mi4$1,905,732$549,900$476,433
56437Bertha, MN 5643726.5 mi5$1,248,900$200,000$249,780
56572Pelican Rapids, MN 5657228.4 mi19$14,701,478$427,500$773,762
56481Verndale, MN 5648128.9 mi3$1,886,826$522,425$628,942
56533Elizabeth, MN 5653329.3 mi1$179,000$179,000$179,000

Frequently Asked Questions

How many homes are for sale in OTTERTAIL, MN 56571?

As of June 2026, there are 40 active listings in OTTERTAIL, MN (zip code 56571), compared to 39 the prior year.

What is the median home price in OTTERTAIL, MN 56571?

The median listing price in OTTERTAIL, MN 56571 is $313,225 as of June 2026, a 24% decrease from $411,950 the prior year.

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

Homes in OTTERTAIL, MN 56571 spend an average of 55 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in OTTERTAIL, MN 56571?

Based on current inventory and days-on-market data as of June 2026, OTTERTAIL, MN 56571 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 55 days on market compared to 58 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OTTERTAIL, MN 56571 save an estimated $6,265 compared to a typical 5% commission on the median listing price of $313,225. 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.