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Featured local agent — Paynesville, MN
Sarah Mitchell
Compass Real Estate · Paynesville, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Paynesville, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$246,200median sale price
How is the Paynesville, MN housing market right now?
The median home sale price in Paynesville, MN is $246,200, up 0.1% year-over-year. Homes sell in an average of 42 days with 13 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 Paynesville a buyer's or seller's market?
Paynesville, MN is currently a seller's market, based on 1.3 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
42
Average pace
Active listings
13
1.3 months supply
Sale-to-list
97.3%
Below asking
What does the Paynesville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $246,200 |
| Median list price | $197,000 |
| Year-over-year price change | +0.1% |
| Average days on market | 42 days |
| Active inventory | 13 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $144/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 4 |
| Listings with a price cut | 30.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Paynesville by property type?
How the Paynesville, 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 | $222,500 | $144/sq ft | 9 | 53 days |
| Townhouse | $282,000 | $170/sq ft | 1 | 23 days |
Source: Redfin · Updated monthly
The Paynesville housing market is currently classified as a seller's market with a median sale price of $246,200. Prices have risen 0.1% compared to last year, with homes spending an average of 42 days on market, indicating 1.3 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 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Paynesville
There are currently 13 homes listed for sale in Paynesville, Minnesota. The median listing price is $197K.
Active listings
13
Homes on market
Median list price
$197K
Avg. days on market
42
Days until sale
New this week
4
Newly listed
Who lives in Paynesville?
Population
2,476
Median income
$72,105/yr
Median age
40.6 years
Owner-occupied
69.2%
College grads
27.9%
Avg commute
21.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Paynesville?
Zillow home value
$227,600
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Paynesville?
Paynesville is a community of approximately 2K residents with a median age of 40.6 years.The median household income is $72,105, which represents a working-class community with solid middle-income opportunities. 27.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Paynesville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Paynesville?
2 schools tracked · 920 students
The largest public schools serving Paynesville, 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.
Paynesville Area Secondary School
Grades 6-12 · 484 students
Paynesville Area Elementary
Grades PK-5 · 436 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 Paynesville, MN?
Want a head-to-head view? Compare Paynesville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Paynesville?
The median home sale price in Paynesville is $246,200, up 0.1% from last year.
How long do homes stay on market in Paynesville?
Homes typically spend 42 days on market before going under contract.
What is the median income in Paynesville?
The median household income is $72,105 per year.
Is Paynesville a buyer's or seller's market?
With 1.3 months of supply, Paynesville is currently a seller's market.
What is the Zillow home value estimate for Paynesville?
The Zillow Home Value Index (ZHVI) for Paynesville is $227,600, representing the typical home value in the area.
How much does a single-family home cost in Paynesville?
The median single-family home price in Paynesville, MN is $222,500 (about $144 per square foot).
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