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THIEF RIVER FALLS, MN 56701

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

Market Analysis

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

The THIEF RIVER FALLS, MN real estate market (56701) currently shows 74 active listings, with 18 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 68 days last year.

The median listing price has fallen 9.9% year-over-year, from $204,125 to $183,900.

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Market Context

Market Context

Population: 12,898  ·  Density: 13.0/mi²  ·  Median household income: $71,781

Typical home value: $174,224  ·  Homeownership: 71.3%

Market Overview

Active Listings
74
⇧ 7.2% vs 69 last year
Pending
18
24% pending ratio
Median Price
$183,900
⇩ 9.9% vs $204,125 last year
Average Price
$234,061
⇧ 1.6% vs $230,262 last year
Days on Market
72
⇧ 5.9% vs 68 days last year

Price Per Square Foot

Median $/sqft
$118
⇩ 2.5% vs $121/sqft last year
Median Home Size
1,789 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 74 this year vs 69 last year
  • Days on market: 72 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $183,900 (-9.9% YoY)
  • Average: $234,061 (+1.6% 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 40.7 miles — 137 listings ($32,695,960 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56701Thief River Falls, MN 567010.0 mi66$13,777,830$181,075$208,755
56748Plummer, MN 5674816.4 mi1$236,000$236,000$236,000
56738Newfolden, MN 5673816.7 mi2$475,900$237,950$237,950
56742Oklee, MN 5674222.0 mi1$215,000$215,000$215,000
56725Goodridge, MN 5672522.9 mi3$831,999$275,000$277,333
56762Warren, MN 5676225.2 mi6$1,168,374$177,450$194,729
56716Crookston, MN 5671630.9 mi34$6,269,974$184,700$184,411
56535Erskine, MN 5653531.6 mi7$6,064,723$861,238$866,389
56556Mcintosh, MN 5655634.8 mi7$1,132,460$185,000$161,780
56723Fisher, MN 5672335.6 mi2$1,050,000$525,000$525,000
56710Alvarado, MN 5671037.4 mi1$170,000$170,000$170,000
56540Fertile, MN 5654040.1 mi6$1,153,800$199,999$192,300
56757Stephen, MN 5675740.7 mi1$149,900$149,900$149,900

Frequently Asked Questions

How many homes are for sale in THIEF RIVER FALLS, MN 56701?

As of September 2026, there are 74 active listings in THIEF RIVER FALLS, MN (zip code 56701), compared to 69 the prior year.

What is the median home price in THIEF RIVER FALLS, MN 56701?

The median listing price in THIEF RIVER FALLS, MN 56701 is $183,900 as of September 2026, a 9.9% decrease from $204,125 the prior year.

How long do homes stay on the market in THIEF RIVER FALLS, MN?

Homes in THIEF RIVER FALLS, MN 56701 spend an average of 72 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 THIEF RIVER FALLS, MN 56701?

Based on current inventory and days-on-market data as of September 2026, THIEF RIVER FALLS, MN 56701 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 68 days last year.

How much can I save on real estate commission in THIEF RIVER FALLS, MN?

With SELL123.com's maximum 3% commission, sellers in THIEF RIVER FALLS, MN 56701 save an estimated $3,678 compared to a typical 5% commission on the median listing price of $183,900. 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.