Pelican Rapids, MN Home Values & Market Trends
Real estate market trends reflect that there have been 60 transactions over the past year in Pelican Rapids. The median value for residential home transactions that occurred over the previous year is $475,587. The number of current listings in Pelican Rapids is 133, and the percentage of properties for sale in the city is 133.00%. Pelican Rapids, MN currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 133 properties for sale.
Pelican Rapids, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 56572 | $ 475,587 $ 375/sqft |
Housing Market Summary for Pelican Rapids, MN
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $429K | $431.5K | 0.58% |
| Median Sold Price | $396.5K | $439.9K | 10.97% |
| Homes For Sale | 106 | 133 | 25.47% |
| Homes Sold | 4 | 23 | 475.00% |
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 Pelican Rapids, MN
Browse Homes in Pelican Rapids, MN
Pelican Rapids home values range from $34,900 to $2,500,000. The median estimated value of a home in Pelican Rapids is $475,587. The median list price of a home is 429,000, and the total count of properties in the city is 162.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Pelican 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 Pelican 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 Pelican 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 Pelican Rapids, MN. There is 1 zips within Pelican Rapids, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions56572 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Pelican Rapids, MN. Auction homes and other auction properties account for 1.85% of all properties in Pelican Rapids, MN. There is 1 zips within Pelican Rapids, MN; of that zips, the median estimated home value for homes going to auction ranges from $579,000 in 56572 to the lowest value of $335,977 in 56572.
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More Real Estate Resources for Pelican Rapids, MN
Guide for Pelican 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.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
