Brokers — List your Company Here
Featured local agent — Pelican Rapids, MN
Sarah Mitchell
Compass Real Estate · Pelican Rapids, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Pelican Rapids, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$177,000median sale price
How is the Pelican Rapids, MN housing market right now?
The median home sale price in Pelican Rapids, MN is $177,000, up 28.2% year-over-year. Homes sell in an average of 13 days with 9 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 Pelican Rapids a buyer's or seller's market?
Pelican Rapids, MN is currently a leaning buyer's, based on 9.0 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
13
Fast-moving
Active listings
9
9.0 months supply
Sale-to-list
98.3%
Below asking
What does the Pelican Rapids housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $177,000 |
| Median list price | $289,900 |
| Year-over-year price change | +28.2% |
| Average days on market | 13 days |
| Active inventory | 9 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $101/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 5 |
| Listings with a price cut | 22.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Pelican Rapids by property type?
How the Pelican Rapids, 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 | $177,000 | $101/sq ft | 1 | 13 days |
| Condo / Co-op | $200,000 | $156/sq ft | 1 | 107 days |
| Townhouse | $185,000 | $144/sq ft | 1 | 95 days |
Source: Redfin · Updated monthly
The Pelican Rapids housing market is currently classified as a leaning buyer's with a median sale price of $177,000. Prices have risen 28.2% compared to last year, with homes spending an average of 13 days on market, indicating 9.0 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 6.0x provides context for how home values compare to local earning capacity.
Homes for sale in Pelican Rapids
There are currently 9 homes listed for sale in Pelican Rapids, Minnesota. The median listing price is $290K.
Active listings
9
Homes on market
Median list price
$290K
Avg. days on market
13
Days until sale
New this week
5
Newly listed
Who lives in Pelican Rapids?
Population
2,589
Median income
$65,482/yr
Median age
37.7 years
Owner-occupied
61.5%
College grads
18.7%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Pelican Rapids?
Zillow home value
$394,673
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Pelican Rapids?
Pelican Rapids is a community of approximately 3K residents with a median age of 37.7 years.The median household income is $65,482, which represents a working-class community with solid middle-income opportunities. 18.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.5%, showing a blend of owner and renter-occupied properties. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pelican Rapids offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pelican Rapids?
4 schools tracked · 860 students
The largest public schools serving Pelican Rapids, 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.
VIKING ELEMENTARY SCHOOL
Grades PK-6 · 460 students
PELICAN RAPIDS SECONDARY
Grades 7-12 · 400 students
PELICAN RAPIDS ALT LEARNING CENTER
Grades 9-12
PELICAN RAPIDS ALT CENTER MID-LEVEL
Grades 7-8
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 Pelican Rapids, MN?
Want a head-to-head view? Compare Pelican Rapids side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pelican Rapids?
The median home sale price in Pelican Rapids is $177,000, up 28.2% from last year.
How long do homes stay on market in Pelican Rapids?
Homes typically spend 13 days on market before going under contract.
What is the median income in Pelican Rapids?
The median household income is $65,482 per year.
Is Pelican Rapids a buyer's or seller's market?
With 9.0 months of supply, Pelican Rapids is currently a leaning buyer's.
What is the Zillow home value estimate for Pelican Rapids?
The Zillow Home Value Index (ZHVI) for Pelican Rapids is $394,673, representing the typical home value in the area.
What is the median condo price in Pelican Rapids?
The median condo/co-op sale price in Pelican Rapids, MN is $200,000, compared to $177,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pelican Rapids?
The median single-family home price in Pelican Rapids, MN is $177,000 (about $101 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Pelican Rapids, MN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Pelican Rapids market alerts
Weekly updates on prices, inventory, and trends. Free forever.