Real Estate For Sale In

Pelican Rapids, MN

How many properties are for sale in Pelican Rapids, MN?

There are 11 properties for sale in Pelican Rapids, MN. More active properties usually means better selection and a little more time to compare before you offer.

What is the median list price of properties in Pelican Rapids, MN?

The median list price is $154,900. Median is a clearer "typical" price than average because extreme outliers—like a few luxury estates at the top or a few short sales/fixers at steep discounts—don't pull it up or down as much.

What is the average list price of properties in Pelican Rapids, MN?

The average list price is $153,650. Compare average vs. median to read the market's "tilt": when average is higher than median, upper-end properties are likely lifting the market; when average is lower than median, more lower-priced or discounted properties may be in the mix. A big gap in either direction usually means the current inventory is skewed.

What is the median price per square foot for properties in Pelican Rapids, MN?

Properties list at a median $94 per sq ft in Pelican Rapids, MN. Price-per-foot helps you compare value across neighborhoods and renovations; newer or recently updated properties often sit above the median.

How long do properties typically stay on the market in Pelican Rapids, MN?

The median days on market (DOM) is 79 days. Shorter DOM signals stronger demand—expect quicker tours and faster decisions when DOM is low; longer DOM often means you can compare more and negotiate.

What is the housing months of supply for properties in Pelican Rapids, MN?

Months of supply (MOS) is 4.0. MOS estimates how long it would take to sell all current listings at the recent sales pace if no new properties were listed. As a rule of thumb, 3–6 MOS is balanced; below 3 tends to favor sellers (move fast, expect competition), while above 6 can give buyers more leverage and time.

How many properties sold in the last 12 months in Pelican Rapids, MN?

24 properties sold over the last 12 months. Viewed together with MOS, this gives you a clear read on demand versus supply and helps your ez Home Search partner agent guide you to the best options and strategy.

How many new property listings came on the market in the last 7 and 30 days in Pelican Rapids, MN?

0 new listings in the past 7 days and 1 in the past 30 days. Frequent new listings mean fresh choices appear often; slower weeks suggest acting quickly when the right property appears.

How many property listings had a price reduction in the last 30 days in Pelican Rapids, MN?

0 listings reduced price in the last 30 days. Price cuts can signal sellers aligning to demand—use them to spot improving values or timing for offers.

Is it more or less expensive to live in Pelican Rapids, MN compared with the U.S. average?

Living in Pelican Rapids, MN indexes at 230 versus a U.S. baseline of 100 = 100. Above 100 means higher-than-average costs; below 100 means lower—handy context for your monthly budget.

What is the median property size for properties for sale in Pelican Rapids, MN?

The median interior size is 1,670 sq ft. This tells you the "typical" amount of living space you'll see at common price points, which helps you set expectations for rooms and layout before touring.

What is the median lot size for properties for sale in Pelican Rapids, MN?

The median lot size is 0.25 acres. Closer-in neighborhoods usually have smaller lots; farther out you'll often find more land—compare lot size alongside price-per-foot to balance yard space and interior space.

How many one-story vs. two-story properties are for sale in Pelican Rapids, MN?

About 67% one-story, 33% two-story, and 0% three-plus-story properties are active. Single-story properties are often in tighter supply and attract buyers who want fewer stairs, which can lead to quicker sales and firmer pricing when demand is strong.

What is the median year built for properties for sale in Pelican Rapids, MN?

The median year built among active properties is 1926. Newer properties typically offer modern systems and energy efficiency; older properties may offer larger lots and classic details, though some may need updates—factor both into your budget and timeline.

Which neighborhoods currently have the most properties for sale in Pelican Rapids, MN?

You'll find the most active properties for sale in the Blybergs Add, Holens Add communities. Starting your search there usually gives you more options in a single tour.

What is the typical monthly HOA for properties for sale in Pelican Rapids, MN?

The median HOA is $0 per month (where applicable). HOA dues affect your monthly affordability and loan qualification—use our mortgage calculator to see the full picture.

What share of properties for sale in Pelican Rapids, MN are houses, condos, and townhomes?

Right now in Pelican Rapids, MN, for-sale inventory breaks down to about 100% houses, 0% condos, and 0% townhomes.

How much do you need to make to afford a property in Pelican Rapids, MN?

The median property price in Pelican Rapids, MN is $154,900. With a 20% down payment ($30,980) and a 30-year fixed at 7.0%, the estimated principal-and-interest (P&I) payment is $824/month (plus property taxes, homeowners insurance, HOA dues, PMI if required, and utilities). Based on the 28/36 guideline for housing costs—where total housing expenses should be about 28% to 36% of your gross income—you'd want a household income of roughly $35,333 to $27,481 per year. Use our pre-approval form to know exactly what you qualify for and to be able to make a stronger offer.

How are the schools near properties for sale in Pelican Rapids, MN?

Many properties in Pelican Rapids, MN are served by well-rated public and private schools; check each listing's school panel for boundary notes and current ratings, then compare nearby options as you narrow neighborhoods.