Pelican Rapids, MN Housing Market

Homes for sale

The Pelican Rapids housing market is somewhat competitive. The median sale price of a home in Pelican Rapids was $273K last month, up 60.6% since last year. The median sale price per square foot in Pelican Rapids is $111, up 65.7% since last year.

Trends
Demand
Migration
Schools
Climate

Pelican Rapids Housing Market Trends

What is the housing market like in Pelican Rapids today?

In October 2024, Pelican Rapids home prices were up 60.6% compared to last year, selling for a median price of $273K.

$162K

Sale Price

-15.4%
since last year

$111

Sale $/Sq. Ft.

+65.7%
since last year

Under List Price

1.4%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Pelican Rapids and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Pelican Rapids add value to a home.

How hot is the Pelican Rapids housing market?

Pelican Rapids is somewhat competitive. Homes sell in 13 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 13 days.
Hot homes
can sell for about 2% above list price and go pending in around 7 days.

Compare With Nearby Cities

Detroit Lakes

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 44 days.
Hot homes
can sell for around list price and go pending in around 14 days.

Fergus Falls

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 28 days.
Hot homes
can sell for about 1% above list price and go pending in around 12 days.

See more nearby cities and neighborhoods

Pelican Rapids Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Pelican Rapids that sold recently

Recently sold homes

SOLD DEC 12, 2024
$153,000 Last Sold Price
2 beds
1 bath
—sq ft
209 1st St NW, Pelican Rapids, MN 56572
List Price
$155,000
Sale to List
1% under list
Days on Market
41 days
209 1st St NW, Pelican Rapids, MN 56572
SOLD DEC 11, 2024
$437,000 Last Sold Price
2 beds
2 baths
—sq ft
44679 Crystal Hills Dr, Pelican Rapids, MN 56572
List Price
$495,000
Sale to List
12% under list
Days on Market
231 days
44679 Crystal Hills Dr, Pelican Rapids, MN 56572
SOLD DEC 3, 2024
VIDEO TOUR
$355,000 Last Sold Price
—beds
—baths
—sq ft
26140 460th Street Parcel G, Pelican Rapids, MN 56572
List Price
$399,900
Sale to List
11% under list
Days on Market
256 days
26140 460th Street Parcel G, Pelican Rapids, MN 56572
SOLD DEC 2, 2024
$175,000 Last Sold Price
—beds
—baths
—sq ft
50495 CO Hwy 9 Hwy, Scambler Twp, MN 56572
List Price
$175,000
Sale to List
0% over list
Days on Market
27 days
50495 CO Hwy 9 Hwy, Scambler Twp, MN 56572
SOLD NOV 20, 2024
$39,000 Last Sold Price
—beds
—baths
—sq ft
Lot 3 Blk 2 Matson Point Rd, Pelican Rapids, MN 56572
List Price
$40,000
Sale to List
3% under list
Days on Market
196 days
Lot 3 Blk 2 Matson Point Rd, Pelican Rapids, MN 56572
SOLD NOV 15, 2024
$325,000 Last Sold Price
4 beds
2 baths
—sq ft
305 1st Ave SE, Pelican Rapids, MN 56572
List Price
$312,900
Sale to List
4% over list
Days on Market
219 days
305 1st Ave SE, Pelican Rapids, MN 56572
SOLD NOV 15, 2024
$140,000 Last Sold Price
5 beds
1 bath
—sq ft
47390 155th Ave, Pelican Rapids, MN 56572
List Price
$140,000
Sale to List
0% over list
Days on Market
122 days
47390 155th Ave, Pelican Rapids, MN 56572
SOLD NOV 13, 2024
$339,000 Last Sold Price
4 beds
1 bath
—sq ft
48798 205th Ave, Scambler Twp, MN 56572
List Price
$339,000
Sale to List
0% over list
Days on Market
173 days
48798 205th Ave, Scambler Twp, MN 56572
See all recently sold homes in Pelican Rapids.
See listings

Schools in Pelican Rapids

Learn about schools in the Pelican Rapids area

Elementary
Middle
High

GreatSchools Rating

5/10

Viking Elementary School

Public • PreK-6

485

Students

3 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Pelican Rapids housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Pelican Rapids.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minimal

100% of properties are at minimal risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Pelican Rapids

New Listings in Pelican Rapids

Nearby City Housing Markets

Zip Code Housing Markets

56572 Housing Market

Nearby City Listings

Zip Code Listings

56572 Real Estate

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