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Featured local agent — New Prague, MN
Sarah Mitchell
Compass Real Estate · New Prague, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Prague, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$367,500median sale price
How is the New Prague, MN housing market right now?
The median home sale price in New Prague, MN is $367,500, up 16.7% year-over-year. Homes sell in an average of 37 days with 25 active listings. The market is currently a seller's market. (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 New Prague a buyer's or seller's market?
New Prague, MN is currently a seller's market, based on 2.5 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
37
Average pace
Active listings
25
2.5 months supply
Sale-to-list
99.4%
Below asking
What does the New Prague housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $367,500 |
| Median list price | $410,000 |
| Year-over-year price change | +16.7% |
| Average days on market | 37 days |
| Active inventory | 25 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $178/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 15 |
| Listings with a price cut | 36.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Prague by property type?
How the New Prague, 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 | $361,076 | $163/sq ft | 8 | 21 days |
| Townhouse | $367,500 | $219/sq ft | 2 | 41 days |
Source: Redfin · Updated monthly
The New Prague housing market is currently classified as a seller's market with a median sale price of $367,500. Prices have risen 16.7% compared to last year, with homes spending an average of 37 days on market, indicating 2.5 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in New Prague
There are currently 25 homes listed for sale in New Prague, Minnesota. The median listing price is $410K.
Active listings
25
Homes on market
Median list price
$410K
Avg. days on market
37
Days until sale
New this week
15
Newly listed
Who lives in New Prague?
Population
8,195
Median income
$98,424/yr
Median age
34.4 years
Owner-occupied
77.4%
College grads
31.5%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in New Prague?
Zillow home value
$360,434
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in New Prague?
New Prague is a community of approximately 8K residents with a median age of 34.4 years.The median household income is $98,424, which reflects a relatively affluent area with strong earning potential. 31.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Prague offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Prague?
8 schools tracked · 3,521 students
The largest public schools serving New Prague, 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.
NEW PRAGUE SENIOR HIGH
Grades 9-12 · 1,311 students
NEW PRAGUE MIDDLE SCHOOL
Grades 6-8 · 950 students
RAVEN STREAM ELEMENTARY
Grades K-5 · 586 students
FALCON RIDGE
Grades K-5 · 518 students
CENTRAL EDUCATION CAMPUS
Grades PK-8 · 106 students
Compass Learning Center
Grades 6-12 · 49 students
NEW PRAGUE CREDIT RECOVERY
Grades 9-12 · 1 students
NEW PRAGUE SUMMER CREDIT RECOVERY
Grades 9-12
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 New Prague, MN?
Want a head-to-head view? Compare New Prague side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Prague?
The median home sale price in New Prague is $367,500, up 16.7% from last year.
How long do homes stay on market in New Prague?
Homes typically spend 37 days on market before going under contract.
What is the median income in New Prague?
The median household income is $98,424 per year.
Is New Prague a buyer's or seller's market?
With 2.5 months of supply, New Prague is currently a seller's market.
What is the Zillow home value estimate for New Prague?
The Zillow Home Value Index (ZHVI) for New Prague is $360,434, representing the typical home value in the area.
How much does a single-family home cost in New Prague?
The median single-family home price in New Prague, MN is $361,076 (about $163 per square foot).
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