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VERGAS, MN 56587

Real Estate Market Report  ·  Otter Tail County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇩ 57.1% vs 7 last year
Pending
0
0% pending ratio
Median Price
$489,000
⇩ 10.3% vs $544,900 last year
Average Price
$546,000
⇩ 5.6% vs $578,410 last year
Days on Market
88
⇩ 16.2% vs 105 days last year

Market Context

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

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

Market Analysis

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

The VERGAS, MN real estate market (56587) currently shows 3 active listings. Homes are averaging 88 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 88 days on market compared to 105 days last year.

The median listing price has fallen 10.3% year-over-year, from $544,900 to $489,000.

Whether you are buying or selling in VERGAS, 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
  • Listings: 3 this year vs 7 last year
  • Days on market: 88 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $489,000 (-10.3% YoY)
  • Average: $546,000 (-5.6% 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 31.7 miles — 210 listings ($119,526,507 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56587Vergas, MN 565870.0 mi3$1,638,000$489,000$546,000
56572Pelican Rapids, MN 5657210.9 mi20$15,220,120$455,000$761,006
56501Detroit Lakes, MN 5650113.9 mi72$39,295,440$415,000$545,770
56573Perham, MN 5657314.8 mi29$29,047,444$369,500$1,001,636
56511Audubon, MN 5651116.4 mi4$4,012,400$944,200$1,003,100
56554Lake Park, MN 5655420.8 mi8$3,489,024$499,000$436,128
56586Underwood, MN 5658621.7 mi6$1,721,640$284,900$286,940
56567New York Mills, MN 5656724.3 mi13$4,694,482$344,950$361,114
56521Callaway, MN 5652124.9 mi2$548,900$274,450$274,450
56549Hawley, MN 5654926.0 mi13$6,715,735$524,676$516,595
56537Fergus Falls, MN 5653727.2 mi37$12,351,488$330,000$333,824
56569Ogema, MN 5656930.3 mi2$621,934$389,000$310,967
56527Deer Creek, MN 5652731.7 mi1$169,900$169,900$169,900

Frequently Asked Questions

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

As of January 2026, there are 3 active listings in VERGAS, MN (zip code 56587), compared to 7 the prior year.

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

The median listing price in VERGAS, MN 56587 is $489,000 as of January 2026, a 10.3% decrease from $544,900 the prior year.

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

Homes in VERGAS, MN 56587 spend an average of 88 days on the market before going under contract, compared to 105 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 January 2026, VERGAS, MN 56587 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 88 days on market compared to 105 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 $9,780 compared to a typical 5% commission on the median listing price of $489,000. 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.