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VERGAS, MN 56587

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

Market Analysis

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

The VERGAS, MN real estate market (56587) currently shows 23 active listings, with 2 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 103 days on market compared to 133 days last year.

The median listing price has fallen 22.6% year-over-year, from $639,250 to $495,000.

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Market Context

Market Context

Population: 1,203  ·  Density: 8.7/mi²  ·  Median household income: $76,053

Typical home value: $300,530  ·  Homeownership: 89.6%

Market Overview

Active Listings
23
⇧ 35.3% vs 17 last year
Pending
2
9% pending ratio
Median Price
$495,000
⇩ 22.6% vs $639,250 last year
Average Price
$568,468
⇩ 17.9% vs $692,643 last year
Days on Market
103
⇩ 22.6% vs 133 days last year

Price Per Square Foot

Median $/sqft
$249
⇩ 0.8% vs $251/sqft last year
Median Home Size
2,180 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 17 last year
  • Days on market: 103 now vs 133 last year

Median & Average Pricing

Year over Year
  • Median: $495,000 (-22.6% YoY)
  • Average: $568,468 (-17.9% 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 31.7 miles — 225 listings ($131,206,155 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56587Vergas, MN 565870.0 mi3$1,608,900$489,000$536,300
56572Pelican Rapids, MN 5657210.9 mi19$14,701,478$427,500$773,762
56501Detroit Lakes, MN 5650113.9 mi83$49,518,049$451,975$596,603
56573Perham, MN 5657314.8 mi29$29,169,795$367,750$1,005,855
56511Audubon, MN 5651116.4 mi6$4,751,148$714,075$791,858
56554Lake Park, MN 5655420.8 mi8$3,659,960$505,500$457,495
56586Underwood, MN 5658621.7 mi6$1,589,628$292,400$264,938
56567New York Mills, MN 5656724.3 mi11$3,199,207$264,900$290,837
56521Callaway, MN 5652124.9 mi2$548,900$274,450$274,450
56549Hawley, MN 5654926.0 mi15$7,608,075$499,900$507,205
56537Fergus Falls, MN 5653727.2 mi37$12,756,231$336,250$344,763
56569Ogema, MN 5656930.3 mi4$1,475,884$391,500$368,971
56527Deer Creek, MN 5652731.7 mi2$618,900$309,450$309,450

Frequently Asked Questions

How many homes are for sale in VERGAS, MN 56587?

As of September 2026, there are 23 active listings in VERGAS, MN (zip code 56587), compared to 17 the prior year.

What is the median home price in VERGAS, MN 56587?

The median listing price in VERGAS, MN 56587 is $495,000 as of September 2026, a 22.6% decrease from $639,250 the prior year.

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

Homes in VERGAS, MN 56587 spend an average of 103 days on the market before going under contract, compared to 133 days the prior year.

Is it a seller's or buyer's market in VERGAS, MN 56587?

Based on current inventory and days-on-market data as of September 2026, VERGAS, MN 56587 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 103 days on market compared to 133 days last year.

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

With SELL123.com's maximum 3% commission, sellers in VERGAS, MN 56587 save an estimated $9,900 compared to a typical 5% commission on the median listing price of $495,000. 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.