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Featured local agent — Corcoran, MN
Sarah Mitchell
Compass Real Estate · Corcoran, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Corcoran, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$578,583median sale price
How is the Corcoran, MN housing market right now?
The median home sale price in Corcoran, MN is $578,583, down 12.9% year-over-year. Homes sell in an average of 53 days with 79 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Corcoran a buyer's or seller's market?
Corcoran, MN is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
53
Average pace
Active listings
79
4.4 months supply
Sale-to-list
99.2%
Below asking
What does the Corcoran housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $578,583 |
| Median list price | $739,055 |
| Year-over-year price change | -12.9% |
| Average days on market | 53 days |
| Active inventory | 79 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $262/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 28 |
| Listings with a price cut | 48.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Corcoran by property type?
How the Corcoran, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $631,553 | $272/sq ft | 14 | 60 days |
| Townhouse | $414,995 | $209/sq ft | 4 | 53 days |
Source: Redfin · Updated monthly
The Corcoran housing market is currently classified as a leaning buyer's with a median sale price of $578,583. Prices have fallen 12.9% compared to last year, with homes spending an average of 53 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Corcoran
There are currently 79 homes listed for sale in Corcoran, Minnesota. The median listing price is $739K.
Active listings
79
Homes on market
Median list price
$739K
Avg. days on market
53
Days until sale
New this week
28
Newly listed
Who lives in Corcoran?
Population
6,854
Median income
$143,250/yr
Median age
41.5 years
Owner-occupied
94.7%
College grads
52.8%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Corcoran?
Zillow home value
$608,218
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Corcoran?
Corcoran is a community of approximately 7K residents with a median age of 41.5 years.The median household income is $143,250, which reflects a relatively affluent area with strong earning potential. 52.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Corcoran offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Corcoran, MN?
Want a head-to-head view? Compare Corcoran side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Corcoran?
The median home sale price in Corcoran is $578,583, down 12.9% from last year.
How long do homes stay on market in Corcoran?
Homes typically spend 53 days on market before going under contract.
What is the median income in Corcoran?
The median household income is $143,250 per year.
Is Corcoran a buyer's or seller's market?
With 4.4 months of supply, Corcoran is currently a leaning buyer's.
What is the Zillow home value estimate for Corcoran?
The Zillow Home Value Index (ZHVI) for Corcoran is $608,218, representing the typical home value in the area.
How much does a single-family home cost in Corcoran?
The median single-family home price in Corcoran, MN is $631,553 (about $272 per square foot).
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