Unshakable ZIP Data 56572 | Pelican Rapids, MN Housing Market
Pelican Rapids · Otter Tail County · Fergus Falls, MN metro · Minnesota · Data updated June 19, 2026
The median sale price in ZIP 56572, Pelican Rapids, Minnesota is $225,683 at $155 per square foot. 8 single-family homes sold in the latest period, down 36.6 percent from a year earlier. Homes sit a median of 95 days on market with 20.3 months of supply. Sellers are getting 92.2 percent of list price and 0.0 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $396,733 | |
| Average price per sq ft | $273 | |
| Median sale price | $225,683 | |
| Median sale price per sq ft | $155 | |
| Median home size | 1,452 sq ft | |
| Median new listing price | $644,491 | +40.1% |
| National size rank | 12,758 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 8 | -36.6% |
| Median days on market | 95 days | |
| Months of supply | 20.3 months | |
| New listings | 52 | +5.7% |
| Active listings | 70 | -0.2% |
| Pending sales | 19 | -8.3% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 92.2% | -5.0 pts |
| Share sold above list | 0.0% | -38.5 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$355,644
3-bedroom
$452,101
These figures describe the single-family market for Pelican Rapids, Minnesota ZIP 56572. They are market context, not a substitute for sold comps or a formal appraisal.