Call or Text (240) SELL-123

PERLEY, MN 56574

Real Estate Market Report  ·  Norman County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The PERLEY, MN real estate market (56574) currently shows 2 active listings. Homes are averaging 175 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 175 days on market compared to 57 days last year.

The median listing price has risen 43.5% year-over-year, from $342,000 to $490,750.

Whether you are buying or selling in PERLEY, 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 PERLEY, MN 56574 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 282  ·  Density: 1.6/mi²  ·  Median household income: $91,250

Typical home value: $139,252  ·  Homeownership: 99.1%

Market Overview

Active Listings
2
vs 2 last year
Pending
0
0% pending ratio
Median Price
$490,750
⇧ 43.5% vs $342,000 last year
Average Price
$490,750
⇧ 43.5% vs $342,000 last year
Days on Market
175
⇧ 207% vs 57 days last year

Price Per Square Foot

Median $/sqft
$182
⇧ 73.3% vs $105/sqft last year
Median Home Size
2,872 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
98%
Listings with no price change
Price Reduced
2%
vs 2% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 175 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $490,750 (+43.5% YoY)
  • Average: $490,750 (+43.5% 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 — 348 listings ($143,193,823 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56574Perley, MN 565740.0 mi2$790,000$395,000$395,000
56519Borup, MN 5651910.5 mi2$330,000$165,000$165,000
56510Ada, MN 5651013.7 mi16$3,739,936$227,500$233,746
56581Shelly, MN 5658117.9 mi1$184,900$184,900$184,900
58042Harwood, ND 5804220.0 mi1$775,000$775,000$775,000
56584Twin Valley, MN 5658422.0 mi2$449,900$224,950$224,950
56547Glyndon, MN 5654722.6 mi16$6,517,456$401,175$407,341
58103Fargo, ND 5810324.5 mi114$38,011,248$298,450$333,432
58078West Fargo, ND 5807825.7 mi159$74,436,168$415,430$468,152
58012Casselton, ND 5801228.3 mi9$8,000,640$421,950$888,960
56549Hawley, MN 5654930.3 mi15$7,608,075$499,900$507,205
56540Fertile, MN 5654030.9 mi6$1,153,800$199,999$192,300
58218Buxton, ND 5821831.9 mi5$1,196,700$228,125$239,340

Frequently Asked Questions

How many homes are for sale in PERLEY, MN 56574?

As of July 2026, there are 2 active listings in PERLEY, MN (zip code 56574), compared to 2 the prior year.

What is the median home price in PERLEY, MN 56574?

The median listing price in PERLEY, MN 56574 is $490,750 as of July 2026, a 43.5% increase from $342,000 the prior year.

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

Homes in PERLEY, MN 56574 spend an average of 175 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in PERLEY, MN 56574?

Based on current inventory and days-on-market data as of July 2026, PERLEY, MN 56574 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 175 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PERLEY, MN 56574 save an estimated $9,815 compared to a typical 5% commission on the median listing price of $490,750. 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.