Is Pelican Rapids, MN 56572 a buyer’s or seller’s market?
Pelican Rapids 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.
Competition score36/ 100
More competitive than 33% of U.S. ZIP codes, and #266 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 supply3.8Under 4 months = seller’s market
Sold above original list18.2%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$226▼ −14.4% vs. last year
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Nearby markets
Battle Lake 56515Balanced $251 /sq ftBluffton 56518Buyer’s market $170 /sq ftClitherall 56524Seller’s market $215 /sq ftDalton 56324Seller’s market $160 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology