Is Pequot Lakes, MN 56472 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Pequot Lakes is a seller’s market. With about 3.8 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.8Under 4 months = seller’s market

Sold above original list17.8%Share of sales, last 3 months

Median sale-to-list98.1%Sold price ÷ list price

Median days on market44Listing to accepted offer

Median price per sq ft$254▲ +1.3% vs. last year

Run the numbers for 56472

Prefilled for 56472Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56472Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Backus 56435Seller’s market $273 /sq ft Bena 56626 — /sq ft Cass Lake 56633Buyer’s market $105 /sq ft Federal Dam 56641Seller’s market $212 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology