Park Rapids, MN Home Values & Market Trends
Real estate market trends reflect that there have been 341 transactions over the past year in Park Rapids. The median value for residential home transactions that occurred over the previous year is $344,092. The number of current listings in Park Rapids is 256, and the percentage of properties for sale in the city is 256.00%. Park Rapids, MN currently has 4 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 256 properties for sale.
Park Rapids, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 56470 | $ 344,092 $ 237/sqft |
Housing Market Summary for Park Rapids, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $293.9K | $304.5K | 3.61% |
| Median Sold Price | $303.2K | $256.6K | -15.38% |
| Homes For Sale | 181 | 253 | 39.78% |
| Homes Sold | 173 | 177 | 2.31% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Park Rapids, MN
Browse Homes in Park Rapids, MN
Park Rapids home values range from $20,144 to $2,134,747. The median estimated value of a home in Park Rapids is $344,092. The median list price of a home is 304,500, and the total count of properties in the city is 454.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Park Rapids, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Park Rapids, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Park Rapids, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Park Rapids, MN. There is 1 zips within Park Rapids, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions56470 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Park Rapids, MN. Auction homes and other auction properties account for 0.88% of all properties in Park Rapids, MN. There is 1 zips within Park Rapids, MN; of that zips, the median estimated home value for homes going to auction ranges from $233,293 in 56470 to the lowest value of $139,926 in 56470.
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Guide for Park Rapids, MN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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