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OTTERTAIL, MN 56571

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

Market Analysis

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

The OTTERTAIL, MN real estate market (56571) currently shows 33 active listings, with 4 pending sales. Homes are averaging 121 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 121 days on market compared to 102 days last year.

The median listing price has risen 21.5% year-over-year, from $330,725 to $401,950.

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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
33
⇩ 8.3% vs 36 last year
Pending
4
12% pending ratio
Median Price
$401,950
⇧ 21.5% vs $330,725 last year
Average Price
$571,918
⇧ 25.8% vs $454,675 last year
Days on Market
121
⇧ 18.6% vs 102 days last year

Price Per Square Foot

Median $/sqft
$298
⇧ 12% vs $266/sqft last year
Median Home Size
1,304 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 36 last year
  • Days on market: 121 now vs 102 last year

Median & Average Pricing

Year over Year
  • Median: $401,950 (+21.5% YoY)
  • Average: $571,918 (+25.8% 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
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 September 2026, there are 33 active listings in OTTERTAIL, MN (zip code 56571), compared to 36 the prior year.

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

The median listing price in OTTERTAIL, MN 56571 is $401,950 as of September 2026, a 21.5% increase from $330,725 the prior year.

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

Homes in OTTERTAIL, MN 56571 spend an average of 121 days on the market before going under contract, compared to 102 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 September 2026, OTTERTAIL, MN 56571 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 121 days on market compared to 102 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 $8,039 compared to a typical 5% commission on the median listing price of $401,950. 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.