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OKLEE, MN 56742

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

Market Overview

Active Listings
1
vs 1 last year
Pending
1
100% pending ratio
Median Price
$89,900
⇧ 20% vs $74,900 last year
Average Price
$89,900
⇧ 20% vs $74,900 last year
Days on Market
127
⇧ 14.4% vs 111 days last year

Market Context

Population: 834  ·  Density: 2.9/mi²  ·  Median household income: $80,500

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

Market Analysis

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

The OKLEE, MN real estate market (56742) currently shows 1 active listings, with 1 pending sales. Homes are averaging 127 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 127 days on market compared to 111 days last year.

The median listing price has risen 20% year-over-year, from $74,900 to $89,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 127 now vs 111 last year

Median & Average Pricing

Year over Year
  • Median: $89,900 (+20% YoY)
  • Average: $89,900 (+20% 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 45.6 miles — 108 listings ($24,885,218 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56742Oklee, MN 567420.0 mi1$89,900$89,900$89,900
56725Goodridge, MN 5672516.1 mi2$557,000$278,500$278,500
56556Mcintosh, MN 5655618.4 mi7$1,148,469$185,000$164,067
56701Thief River Falls, MN 5670122.0 mi65$13,593,450$175,000$209,130
56736Mentor, MN 5673623.3 mi7$3,074,036$384,950$439,148
56634Clearbrook, MN 5663425.7 mi3$945,000$315,000$315,000
56540Fertile, MN 5654034.0 mi6$1,191,000$199,999$198,500
56651Lengby, MN 5665135.1 mi2$1,398,500$699,250$699,250
56724Gatzke, MN 5672436.0 mi1$264,900$264,900$264,900
56738Newfolden, MN 5673837.3 mi2$549,000$274,500$274,500
56676Shevlin, MN 5667640.3 mi1$233,000$233,000$233,000
56557Mahnomen, MN 5655741.7 mi6$986,298$159,900$164,383
56762Warren, MN 5676245.6 mi5$854,665$115,000$170,933

Frequently Asked Questions

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

As of January 2026, there are 1 active listings in OKLEE, MN (zip code 56742), compared to 1 the prior year.

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

The median listing price in OKLEE, MN 56742 is $89,900 as of January 2026, a 20% increase from $74,900 the prior year.

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

Homes in OKLEE, MN 56742 spend an average of 127 days on the market before going under contract, compared to 111 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 January 2026, OKLEE, MN 56742 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 127 days on market compared to 111 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 $1,798 compared to a typical 5% commission on the median listing price of $89,900. 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.