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OKLEE, MN 56742

Real Estate Market Report  ·  Red Lake County
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The OKLEE, MN real estate market (56742) currently shows 2 active listings, with 1 pending sales. Homes are averaging 27 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 selling faster, averaging 27 days on market compared to 32 days last year.

The median listing price has risen 10% year-over-year, from $163,600 to $179,900.

Whether you are buying or selling in OKLEE, 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: 834  ·  Density: 2.9/mi²  ·  Median household income: $80,500

Typical home value: $126,270  ·  Homeownership: 87.0%

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
1
50% pending ratio
Median Price
$179,900
⇧ 10% vs $163,600 last year
Average Price
$179,900
⇧ 23.6% vs $145,567 last year
Days on Market
27
⇩ 15.6% vs 32 days last year

Price Per Square Foot

Median $/sqft
$204
⇧ 110.3% vs $97/sqft last year
Median Home Size
880 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 27 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $179,900 (+10% YoY)
  • Average: $179,900 (+23.6% 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 42.9 miles — 113 listings ($31,871,242 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56742Oklee, MN 567420.0 mi1$215,000$215,000$215,000
56715Brooks, MN 5671510.3 mi1$298,000$298,000$298,000
56754Saint Hilaire, MN 5675417.3 mi0$0$145,000$145,000
56556Mcintosh, MN 5655618.4 mi7$1,132,460$185,000$161,780
56701Thief River Falls, MN 5670122.0 mi66$13,777,830$181,075$208,755
56736Mentor, MN 5673623.3 mi9$4,063,986$361,750$451,554
56634Clearbrook, MN 5663425.7 mi4$430,000$107,500$107,500
56540Fertile, MN 5654034.0 mi6$1,153,800$199,999$192,300
56651Lengby, MN 5665135.1 mi1$674,250$674,250$674,250
56724Gatzke, MN 5672436.0 mi1$264,900$264,900$264,900
56738Newfolden, MN 5673837.3 mi2$475,900$237,950$237,950
56621Bagley, MN 5662140.5 mi12$7,930,116$457,400$660,843
56667Puposky, MN 5666742.9 mi3$1,455,000$485,000$485,000

Frequently Asked Questions

How many homes are for sale in OKLEE, MN 56742?

As of June 2026, there are 2 active listings in OKLEE, MN (zip code 56742), compared to 3 the prior year.

What is the median home price in OKLEE, MN 56742?

The median listing price in OKLEE, MN 56742 is $179,900 as of June 2026, a 10% increase from $163,600 the prior year.

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

Homes in OKLEE, MN 56742 spend an average of 27 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in OKLEE, MN 56742?

Based on current inventory and days-on-market data as of June 2026, OKLEE, MN 56742 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 27 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OKLEE, MN 56742 save an estimated $3,598 compared to a typical 5% commission on the median listing price of $179,900. 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.