Is Park Rapids, MN 56470 a buyer’s or seller’s market?
Park Rapids is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Competition score38/ 100
More competitive than 36% of U.S. ZIP codes, and #260 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply4.2Under 4 months = seller’s market
Sold above original list20.7%Share of sales, last 3 months
Median sale-to-list96.8%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$192▲ +1.7% vs. last year
Run the numbers for 56470
Nearby markets
Akeley 56433Seller’s market $185 /sq ftLake George 56458Seller’s market $191 /sq ftLaporte 56461Seller’s market $193 /sq ftNevis 56467Seller’s market $263 /sq ft Browse all markets →More tools for 56470
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology