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KARLSTAD, MN 56732

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

Market Analysis

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

The KARLSTAD, MN real estate market (56732) currently shows 7 active listings, with 1 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 33 days on market compared to 58 days last year.

The median listing price has risen 20% year-over-year, from $149,900 to $179,950.

Whether you are buying or selling in KARLSTAD, 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 Context

Market Context

Population: 1,006  ·  Density: 2.4/mi²  ·  Median household income: $59,079

Typical home value: $126,460  ·  Homeownership: 77.5%

Market Overview

Active Listings
7
⇧ 40% vs 5 last year
Pending
1
14% pending ratio
Median Price
$179,950
⇧ 20% vs $149,900 last year
Average Price
$191,567
⇩ 10% vs $212,933 last year
Days on Market
33
⇩ 43.1% vs 58 days last year

Price Per Square Foot

Median $/sqft
$89
⇧ 15.6% vs $77/sqft last year
Median Home Size
1,890 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 33 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $179,950 (+20% YoY)
  • Average: $191,567 (-10% 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 47.5 miles — 98 listings ($20,616,441 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56732Karlstad, MN 567320.0 mi6$1,232,490$214,975$205,415
56738Newfolden, MN 5673818.2 mi2$475,900$237,950$237,950
56757Stephen, MN 5675720.4 mi1$149,900$149,900$149,900
56737Middle River, MN 5673725.2 mi2$179,800$89,900$89,900
56728Hallock, MN 5672826.6 mi3$917,001$359,000$305,667
58225Drayton, ND 5822533.2 mi4$337,252$82,625$84,313
56701Thief River Falls, MN 5670134.9 mi66$13,777,830$181,075$208,755
56761Wannaska, MN 5676136.4 mi3$772,401$267,400$257,467
56744Oslo, MN 5674437.4 mi2$699,800$349,900$349,900
58271Pembina, ND 5827142.5 mi4$682,668$175,000$170,667
56754Saint Hilaire, MN 5675443.6 mi0$0$145,000$145,000
56725Goodridge, MN 5672547.3 mi3$831,999$275,000$277,333
56756Salol, MN 5675647.5 mi2$559,400$279,700$279,700

Frequently Asked Questions

How many homes are for sale in KARLSTAD, MN 56732?

As of March 2026, there are 7 active listings in KARLSTAD, MN (zip code 56732), compared to 5 the prior year.

What is the median home price in KARLSTAD, MN 56732?

The median listing price in KARLSTAD, MN 56732 is $179,950 as of March 2026, a 20% increase from $149,900 the prior year.

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

Homes in KARLSTAD, MN 56732 spend an average of 33 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in KARLSTAD, MN 56732?

Based on current inventory and days-on-market data as of March 2026, KARLSTAD, MN 56732 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 33 days on market compared to 58 days last year.

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

With SELL123.com's maximum 3% commission, sellers in KARLSTAD, MN 56732 save an estimated $3,599 compared to a typical 5% commission on the median listing price of $179,950. 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.