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LOMAN, MN 56654

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

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$459,000
⇧ 57.2% vs $291,950 last year
Average Price
$459,000
⇧ 57.2% vs $291,950 last year
Days on Market
239
⇧ 251.5% vs 68 days last year

Market Context

Population: 63  ·  Density: 0.2/mi²  ·  Median household income: $46,667

Typical home value: $0  ·  Homeownership: 75.0%

Market Analysis

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

The LOMAN, MN real estate market (56654) currently shows 1 active listings. Homes are averaging 239 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 239 days on market compared to 68 days last year.

The median listing price has risen 57.2% year-over-year, from $291,950 to $459,000.

Whether you are buying or selling in LOMAN, 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: 1 this year vs 2 last year
  • Days on market: 239 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $459,000 (+57.2% YoY)
  • Average: $459,000 (+57.2% 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 69.0 miles — 84 listings ($30,174,812 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56654Loman, MN 566540.0 mi1$459,000$459,000$459,000
56627Big Falls, MN 5662719.7 mi1$155,000$155,000$155,000
56623Baudette, MN 5662329.9 mi24$6,489,240$249,000$270,385
56669Kabetogama, MN 5666933.5 mi3$1,087,350$362,450$362,450
56649International Falls, MN 5664937.3 mi34$14,161,986$259,000$416,529
56639Effie, MN 5663943.7 mi5$2,565,375$238,700$513,075
56686Williams, MN 5668649.1 mi3$752,901$210,000$250,967
56630Blackduck, MN 5663056.6 mi4$810,960$125,000$202,740
56680Spring Lake, MN 5668057.2 mi1$294,000$294,000$294,000
56647Hines, MN 5664762.8 mi3$1,020,000$340,000$340,000
56657Marcell, MN 5665764.1 mi1$599,000$599,000$599,000
56681Squaw Lake, MN 5668165.5 mi1$325,000$325,000$325,000
56667Puposky, MN 5666769.0 mi3$1,455,000$485,000$485,000

Frequently Asked Questions

How many homes are for sale in LOMAN, MN 56654?

As of January 2026, there are 1 active listings in LOMAN, MN (zip code 56654), compared to 2 the prior year.

What is the median home price in LOMAN, MN 56654?

The median listing price in LOMAN, MN 56654 is $459,000 as of January 2026, a 57.2% increase from $291,950 the prior year.

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

Homes in LOMAN, MN 56654 spend an average of 239 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in LOMAN, MN 56654?

Based on current inventory and days-on-market data as of January 2026, LOMAN, MN 56654 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 239 days on market compared to 68 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LOMAN, MN 56654 save an estimated $9,180 compared to a typical 5% commission on the median listing price of $459,000. 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.