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SHELLY, MN 56581

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

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$184,900
⇩ 7.5% vs $199,900 last year
Average Price
$184,900
⇩ 7.5% vs $199,900 last year
Days on Market
116
⇩ 4.9% vs 122 days last year

Market Context

Population: 262  ·  Density: 2.5/mi²  ·  Median household income: $55,313

Typical home value: $108,643  ·  Homeownership: 100.0%

Market Analysis

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

The SHELLY, MN real estate market (56581) currently shows 1 active listings. Homes are averaging 116 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 116 days on market compared to 122 days last year.

The median listing price has fallen 7.5% year-over-year, from $199,900 to $184,900.

Whether you are buying or selling in SHELLY, 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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 116 now vs 122 last year

Median & Average Pricing

Year over Year
  • Median: $184,900 (-7.5% YoY)
  • Average: $184,900 (-7.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 34.1 miles — 134 listings ($66,253,929 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56581Shelly, MN 565810.0 mi1$184,900$184,900$184,900
56523Climax, MN 5652312.7 mi2$289,000$144,500$144,500
56550Hendrum, MN 5655013.0 mi2$253,900$126,950$126,950
58045Hillsboro, ND 5804513.5 mi6$1,311,402$232,500$218,567
56574Perley, MN 5657417.9 mi2$419,500$209,750$209,750
58275Reynolds, ND 5827522.7 mi1$294,500$294,500$294,500
56723Fisher, MN 5672324.1 mi2$845,000$422,500$422,500
58257Mayville, ND 5825724.6 mi8$1,764,000$238,500$220,500
56584Twin Valley, MN 5658429.2 mi1$209,900$209,900$209,900
56536Felton, MN 5653630.4 mi0$0$115,000$115,000
58006Arthur, ND 5800632.5 mi1$470,000$470,000$470,000
58201Grand Forks, ND 5820133.5 mi107$60,161,927$499,999$562,261
58274Portland, ND 5827434.1 mi1$49,900$49,900$49,900

Frequently Asked Questions

How many homes are for sale in SHELLY, MN 56581?

As of January 2026, there are 1 active listings in SHELLY, MN (zip code 56581), compared to 1 the prior year.

What is the median home price in SHELLY, MN 56581?

The median listing price in SHELLY, MN 56581 is $184,900 as of January 2026, a 7.5% decrease from $199,900 the prior year.

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

Homes in SHELLY, MN 56581 spend an average of 116 days on the market before going under contract, compared to 122 days the prior year.

Is it a seller's or buyer's market in SHELLY, MN 56581?

Based on current inventory and days-on-market data as of January 2026, SHELLY, MN 56581 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 116 days on market compared to 122 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHELLY, MN 56581 save an estimated $3,698 compared to a typical 5% commission on the median listing price of $184,900. 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.