56501, MN Housing Market

The 56501 housing market is somewhat competitive. The median sale price of a home in 56501 was $440K last month, up 122.7% since last year. The median sale price per square foot in 56501 is $242, up 61.3% since last year.

Trends
Demand
Schools
Climate

56501 Housing Market Trends

What is the housing market like in 56501 today?

$440K

Sale Price

+122.7%
since last year

$242

Sale $/Sq. Ft.

+61.3%
since last year

Under List Price

3.9%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the 56501 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.

How hot is the 56501 housing market?

56501 is somewhat competitive. Homes sell in 45 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 45 days.
Hot homes
can sell for around list price and go pending in around 19 days.

Compare With Nearby Zip codes

56567

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 36 days.
Hot homes
can sell for about 2% above list price and go pending in around 11 days.

56572

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 46 days.
Hot homes
can sell for around list price and go pending in around 19 days.

See more nearby cities and neighborhoods

View houses in 56501 that sold recently

Recently sold homes

SOLD JAN 17, 2025
$300,000 Last Sold Price
3 beds
2 baths
—sq ft
21299 Dovre Rd, Detroit Lakes, MN 56501
List Price
$300,000
Sale to List
0% over list
Days on Market
299 days
21299 Dovre Rd, Detroit Lakes, MN 56501
SOLD JAN 15, 2025
$35,000 Last Sold Price
—beds
—baths
—sq ft
Lot #13 Lidstrom Rd, Detroit Twp, MN 56501
List Price
$35,000
Sale to List
0% over list
Days on Market
349 days
Lot #13 Lidstrom Rd, Detroit Twp, MN 56501
SOLD JAN 14, 2025
3D WALKTHROUGH
$169,900 Last Sold Price
3 beds
3 baths
—sq ft
609 Front St W, Detroit Lakes, MN 56501
List Price
$179,000
Sale to List
5% under list
Days on Market
217 days
609 Front St W, Detroit Lakes, MN 56501
SOLD JAN 10, 2025
$360,000 Last Sold Price
4 beds
4 baths
—sq ft
13332 270th Ave, Lake View Twp, MN 56501
List Price
$399,000
Sale to List
10% under list
Days on Market
82 days
13332 270th Ave, Lake View Twp, MN 56501
SOLD JAN 7, 2025
$235,000 Last Sold Price
3 beds
2 baths
—sq ft
208 Broadway Ave, Detroit Lakes, MN 56501
List Price
$250,000
Sale to List
6% under list
Days on Market
71 days
208 Broadway Ave, Detroit Lakes, MN 56501
SOLD JAN 6, 2025
$237,000 Last Sold Price
3 beds
2 baths
—sq ft
501 Roosevelt Ave, Detroit Lakes, MN 56501
List Price
$237,000
Sale to List
0% over list
Days on Market
186 days
501 Roosevelt Ave, Detroit Lakes, MN 56501
SOLD JAN 3, 2025
$185,000 Last Sold Price
0 beds
—baths
—sq ft
21901 Floyd Lake Dr, Detroit Lakes, MN 56501
List Price
$225,000
Sale to List
18% under list
Days on Market
154 days
21901 Floyd Lake Dr, Detroit Lakes, MN 56501
SOLD DEC 30, 2024
$265,000
3 beds
2 baths
1,368 sq ft
15356 E Munson Dr, Detroit Lakes, MN 56501
List Price
—
Sale to List
—
Days on Market
—
15356 E Munson Dr, Detroit Lakes, MN 56501
See all recently sold homes in 56501.
See listings

Schools in 56501

Learn about schools in the 56501 area

Elementary
Middle
High

GreatSchools Rating

6/10 Rossman Elementary School Public • PreK-5	570 Students	5 reviews
6/10 Frazee Elementary School Public • PreK-6	456 Students	2 reviews
5/10 Lake Park Audubon Elementary School Public • PreK-6	372 Students	4 reviews
5/10 Detroit Lakes Middle School Public • 5-8	622 Students	1 reviews
4/10 Roosevelt Elementary School Public • PreK-5	599 Students	1 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 56501 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 56501.

Wind Factor - Minor

92% of properties are at minimal risk of a severe wind event over the next 30 years

Heat Factor - Minimal

99% of properties are at minimal risk of heat over the next 30 years

Provided by First Street Foundation

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New Listings in 56501

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56501, MN Housing Market

56501 Housing Market Trends

How hot is the 56501 housing market?

View houses in 56501 that sold recently

Recently sold homes

Schools in 56501

GreatSchools Rating

Climate's impact on 56501 housing

Flood Factor - Minor

Flood Factor

Fire Factor - Major

Fire Factor

Wind Factor - Minor

Wind Factor

Heat Factor - Minimal

Heat Factor

More real estate resources for 56501

New Listings in 56501

Nearby Zip Code Housing Markets

City Housing Markets

County Housing Markets

Nearby Zip Code Listings

City Listings

County Listings

Rentals