Unshakable ZIP Data 56701 | Thief River Falls, MN Housing Market
Thief River Falls · Pennington County · Minnesota · Data updated June 19, 2026
The median sale price in ZIP 56701, Thief River Falls, Minnesota is $148,456 at $108 per square foot. 25 single-family homes sold in the latest period, down 14.8 percent from a year earlier. Homes sit a median of 80 days on market with 4.8 months of supply. Sellers are getting 95.1 percent of list price and 4.2 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $190,999 | |
| Average price per sq ft | $138 | |
| Median sale price | $148,456 | |
| Median sale price per sq ft | $108 | |
| Median home size | 1,380 sq ft | |
| Median new listing price | $196,223 | +9.6% |
| National size rank | 8,932 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 25 | -14.8% |
| Median days on market | 80 days | |
| Months of supply | 4.8 months | |
| New listings | 34 | -39.1% |
| Active listings | 76 | -13.7% |
| Pending sales | 39 | -3.7% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 95.1% | -0.2 pts |
| Share sold above list | 4.2% | +0.7 pts |
These figures describe the single-family market for Thief River Falls, Minnesota ZIP 56701. They are market context, not a substitute for sold comps or a formal appraisal.