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SHELLY, MN 56581

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

Market Analysis

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

The SHELLY, MN real estate market (56581) currently shows 3 active listings. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 33 days on market compared to 4 days last year.

The median listing price has fallen 24% year-over-year, from $215,000 to $163,500.

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Market Context

Market Context

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

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

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
0
0% pending ratio
Median Price
$163,500
⇩ 24% vs $215,000 last year
Average Price
$132,283
⇩ 38.5% vs $215,000 last year
Days on Market
33
⇧ 725% vs 4 days last year

Price Per Square Foot

Median $/sqft
$78
⇩ 50.9% vs $159/sqft last year
Median Home Size
1,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 33 now vs 4 last year

Median & Average Pricing

Year over Year
  • Median: $163,500 (-24% YoY)
  • Average: $132,283 (-38.5% 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 36.5 miles — 153 listings ($75,931,063 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$120,000$60,000$60,000
58045Hillsboro, ND 5804513.5 mi5$1,078,315$236,250$215,663
56574Perley, MN 5657417.9 mi2$790,000$395,000$395,000
56540Fertile, MN 5654023.4 mi6$1,153,800$199,999$192,300
56519Borup, MN 5651924.3 mi2$330,000$165,000$165,000
58278Thompson, ND 5827828.0 mi3$2,655,000$885,000$885,000
58005Argusville, ND 5800529.4 mi1$205,000$205,000$205,000
58201Grand Forks, ND 5820133.5 mi102$58,738,740$529,950$575,870
58274Portland, ND 5827434.1 mi1$49,900$49,900$49,900
56585Ulen, MN 5658535.2 mi2$1,597,000$798,500$798,500
56721East Grand Forks, MN 5672136.5 mi24$8,739,408$344,450$364,142

Frequently Asked Questions

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

As of September 2026, there are 3 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 $163,500 as of September 2026, a 24% decrease from $215,000 the prior year.

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

Homes in SHELLY, MN 56581 spend an average of 33 days on the market before going under contract, compared to 4 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 September 2026, SHELLY, MN 56581 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 33 days on market compared to 4 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 $3,270 compared to a typical 5% commission on the median listing price of $163,500. 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.