Call or Text (240) SELL-123

PELICAN RAPIDS, MN 56572

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

Market Analysis

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

The PELICAN RAPIDS, MN real estate market (56572) currently shows 43 active listings, with 8 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 90 days on market compared to 65 days last year.

The median listing price has risen 11% year-over-year, from $625,000 to $693,500.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PELICAN RAPIDS, MN 56572 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 5,854  ·  Density: 13.2/mi²  ·  Median household income: $73,609

Typical home value: $266,163  ·  Homeownership: 82.8%

Market Overview

Active Listings
43
⇩ 12.2% vs 49 last year
Pending
8
19% pending ratio
Median Price
$693,500
⇧ 11% vs $625,000 last year
Average Price
$751,145
⇧ 3.2% vs $727,572 last year
Days on Market
90
⇧ 38.5% vs 65 days last year

Price Per Square Foot

Median $/sqft
$408
⇧ 39.2% vs $293/sqft last year
Median Home Size
1,909 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 49 last year
  • Days on market: 90 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $693,500 (+11% YoY)
  • Average: $751,145 (+3.2% 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 31.9 miles — 232 listings ($131,766,895 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56572Pelican Rapids, MN 565720.0 mi19$14,701,478$427,500$773,762
56587Vergas, MN 5658710.9 mi3$1,608,900$489,000$536,300
56533Elizabeth, MN 5653314.2 mi1$179,000$179,000$179,000
56514Barnesville, MN 5651416.8 mi14$5,154,576$325,250$368,184
56554Lake Park, MN 5655419.3 mi8$3,659,960$505,500$457,495
56501Detroit Lakes, MN 5650120.3 mi83$49,518,049$451,975$596,603
56537Fergus Falls, MN 5653722.7 mi37$12,756,231$336,250$344,763
56573Perham, MN 5657325.4 mi29$29,169,795$367,750$1,005,855
56580Sabin, MN 5658026.5 mi4$1,934,800$373,650$483,700
56571Ottertail, MN 5657128.5 mi15$5,498,250$353,500$366,550
56547Glyndon, MN 5654729.5 mi16$6,517,456$401,175$407,341
56578Rochert, MN 5657830.1 mi2$999,500$499,750$499,750
56525Comstock, MN 5652531.9 mi1$68,900$68,900$68,900

Frequently Asked Questions

How many homes are for sale in PELICAN RAPIDS, MN 56572?

As of September 2026, there are 43 active listings in PELICAN RAPIDS, MN (zip code 56572), compared to 49 the prior year.

What is the median home price in PELICAN RAPIDS, MN 56572?

The median listing price in PELICAN RAPIDS, MN 56572 is $693,500 as of September 2026, a 11% increase from $625,000 the prior year.

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

Homes in PELICAN RAPIDS, MN 56572 spend an average of 90 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in PELICAN RAPIDS, MN 56572?

Based on current inventory and days-on-market data as of September 2026, PELICAN RAPIDS, MN 56572 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 90 days on market compared to 65 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PELICAN RAPIDS, MN 56572 save an estimated $13,870 compared to a typical 5% commission on the median listing price of $693,500. 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.