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PERLEY, MN 56574

Real Estate Market Report  ·  Norman County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PERLEY, MN real estate market (56574) currently shows 1 active listings, with 1 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 120 days last year.

The median listing price has risen 19.2% year-over-year, from $331,500 to $395,000.

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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
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$395,000
⇧ 19.2% vs $331,500 last year
Average Price
$395,000
⇧ 19.2% vs $331,500 last year
Days on Market
37
⇩ 69.2% vs 120 days last year

Price Per Square Foot

Median $/sqft
$214
⇧ 111.9% vs $101/sqft last year
Median Home Size
1,848 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 37 now vs 120 last year

Median & Average Pricing

Year over Year
  • Median: $395,000 (+19.2% YoY)
  • Average: $395,000 (+19.2% 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 — 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 September 2026, there are 1 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 $395,000 as of September 2026, a 19.2% increase from $331,500 the prior year.

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

Homes in PERLEY, MN 56574 spend an average of 37 days on the market before going under contract, compared to 120 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 September 2026, PERLEY, MN 56574 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 120 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 $7,900 compared to a typical 5% commission on the median listing price of $395,000. 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.