Call or Text (240) SELL-123

WAUBUN, MN 56589

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The WAUBUN, MN real estate market (56589) currently shows 10 active listings, with 3 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 59 days last year.

The median listing price has fallen 31.1% year-over-year, from $644,000 to $444,000.

Whether you are buying or selling in WAUBUN, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for WAUBUN, MN 56589 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 1,819  ·  Density: 2.9/mi²  ·  Median household income: $63,529

Typical home value: $164,155  ·  Homeownership: 84.4%

Market Overview

Active Listings
10
⇧ 11.1% vs 9 last year
Pending
3
30% pending ratio
Median Price
$444,000
⇩ 31.1% vs $644,000 last year
Average Price
$413,807
⇩ 36.6% vs $652,723 last year
Days on Market
63
⇧ 6.8% vs 59 days last year

Price Per Square Foot

Median $/sqft
$172
⇩ 18.5% vs $211/sqft last year
Median Home Size
2,319 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 9 last year
  • Days on market: 63 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $444,000 (-31.1% YoY)
  • Average: $413,807 (-36.6% 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
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 37.5 miles — 71 listings ($29,751,022 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56589Waubun, MN 565890.0 mi8$2,383,520$234,750$297,940
56569Ogema, MN 565698.6 mi4$1,475,884$391,500$368,971
56521Callaway, MN 5652115.2 mi2$548,900$274,450$274,450
56578Rochert, MN 5657817.8 mi2$999,500$499,750$499,750
56621Bagley, MN 5662121.3 mi12$7,930,116$457,400$660,843
56584Twin Valley, MN 5658424.4 mi2$449,900$224,950$224,950
56585Ulen, MN 5658525.5 mi2$1,597,000$798,500$798,500
56542Fosston, MN 5654226.8 mi9$1,666,854$188,200$185,206
56544Frazee, MN 5654429.6 mi11$4,267,791$359,761$387,981
56678Solway, MN 5667833.0 mi3$904,374$316,875$301,458
56556Mcintosh, MN 5655634.3 mi7$1,132,460$185,000$161,780
56519Borup, MN 5651936.1 mi2$330,000$165,000$165,000
56535Erskine, MN 5653537.5 mi7$6,064,723$861,238$866,389

Frequently Asked Questions

How many homes are for sale in WAUBUN, MN 56589?

As of June 2026, there are 10 active listings in WAUBUN, MN (zip code 56589), compared to 9 the prior year.

What is the median home price in WAUBUN, MN 56589?

The median listing price in WAUBUN, MN 56589 is $444,000 as of June 2026, a 31.1% decrease from $644,000 the prior year.

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

Homes in WAUBUN, MN 56589 spend an average of 63 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in WAUBUN, MN 56589?

Based on current inventory and days-on-market data as of June 2026, WAUBUN, MN 56589 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 59 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAUBUN, MN 56589 save an estimated $8,880 compared to a typical 5% commission on the median listing price of $444,000. 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.