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Featured local agent — Deer River, MN
Sarah Mitchell
Compass Real Estate · Deer River, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Deer River, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$200,000median sale price
How is the Deer River, MN housing market right now?
The median home sale price in Deer River, MN is $200,000. Homes sell in an average of 88 days with 1 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Deer River a buyer's or seller's market?
Deer River, MN is currently a balanced market, based on 1.0 months of supply and homes selling in about 88 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
88
Average pace
Active listings
1
1.0 months supply
Sale-to-list
94.3%
Below asking
What does the Deer River housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Average days on market | 88 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 94.3% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Deer River by property type?
How the Deer River, 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 | $200,000 | $198/sq ft | 1 | 88 days |
Source: Redfin · Updated monthly
The Deer River housing market is currently classified as a balanced market with a median sale price of $200,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 88 days on market, indicating 1.0 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 6.7x provides context for how home values compare to local earning capacity.
Homes for sale in Deer River
There are currently 1 homes listed for sale in Deer River, Minnesota.
Active listings
1
Homes on market
Avg. days on market
88
Days until sale
Who lives in Deer River?
Population
887
Median income
$38,029/yr
Median age
32.8 years
Owner-occupied
64.3%
College grads
14.9%
Avg commute
26.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Deer River?
Zillow home value
$255,663
Price-to-income
6.7x
Source: Zillow Research
What is it like to live in Deer River?
Deer River is a community of approximately 1K residents with a median age of 32.8 years.The median household income is $38,029, which represents a working-class community with solid middle-income opportunities. 14.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.3%, showing a blend of owner and renter-occupied properties. The average commute time is 26.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Deer River offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Deer River?
4 schools tracked · 852 students
The largest public schools serving Deer River, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
DEER RIVER SECONDARY
Grades 6-12 · 438 students
KING ELEMENTARY
Grades PK-5 · 396 students
Deer River High School ALP
Grades 10-12 · 12 students
Deer River Schools SPED
Grades K-5 · 6 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Deer River, MN?
Want a head-to-head view? Compare Deer River side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Deer River?
The median home sale price in Deer River is $200,000, down 0.0% from last year.
How long do homes stay on market in Deer River?
Homes typically spend 88 days on market before going under contract.
What is the median income in Deer River?
The median household income is $38,029 per year.
Is Deer River a buyer's or seller's market?
With 1.0 months of supply, Deer River is currently a balanced market.
What is the Zillow home value estimate for Deer River?
The Zillow Home Value Index (ZHVI) for Deer River is $255,663, representing the typical home value in the area.
How much does a single-family home cost in Deer River?
The median single-family home price in Deer River, MN is $200,000 (about $198 per square foot).
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