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Featured local agent — Preston, MN
Sarah Mitchell
Compass Real Estate · Preston, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Preston, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$298,950median sale price
How is the Preston, MN housing market right now?
The median home sale price in Preston, MN is $298,950, up 42.0% year-over-year. Homes sell in an average of 150 days with 5 active listings. The market is currently a balanced 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 Preston a buyer's or seller's market?
Preston, MN is currently a balanced market, based on 2.5 months of supply and homes selling in about 150 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
150
Average pace
Active listings
5
2.5 months supply
Sale-to-list
98.0%
Below asking
What does the Preston housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $298,950 |
| Median list price | $169,900 |
| Year-over-year price change | +42.0% |
| Average days on market | 150 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $202/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 40.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Preston by property type?
How the Preston, 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 | $298,950 | $202/sq ft | 2 | 150 days |
| Townhouse | $165,000 | $143/sq ft | 1 | 17 days |
Source: Redfin · Updated monthly
The Preston housing market is currently classified as a balanced market with a median sale price of $298,950. Prices have risen 42.0% compared to last year, with homes spending an average of 150 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Preston
There are currently 5 homes listed for sale in Preston, Minnesota. The median listing price is $170K.
Active listings
5
Homes on market
Median list price
$170K
Avg. days on market
150
Days until sale
New this week
5
Newly listed
Who lives in Preston?
Population
1,315
Median income
$60,438/yr
Median age
41.3 years
Owner-occupied
72.9%
College grads
27.6%
Avg commute
21.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Preston?
Zillow home value
$275,431
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Preston?
Preston is a community of approximately 1K residents with a median age of 41.3 years.The median household income is $60,438, which represents a working-class community with solid middle-income opportunities. 27.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Preston offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Preston?
1 schools tracked · 295 students
The largest public schools serving Preston, 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.
FILLMORE CENTRAL ELEMENTARY
Grades PK-6 · 295 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 Preston, MN?
Want a head-to-head view? Compare Preston side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Preston?
The median home sale price in Preston is $298,950, up 42.0% from last year.
How long do homes stay on market in Preston?
Homes typically spend 150 days on market before going under contract.
What is the median income in Preston?
The median household income is $60,438 per year.
Is Preston a buyer's or seller's market?
With 2.5 months of supply, Preston is currently a balanced market.
What is the Zillow home value estimate for Preston?
The Zillow Home Value Index (ZHVI) for Preston is $275,431, representing the typical home value in the area.
How much does a single-family home cost in Preston?
The median single-family home price in Preston, MN is $298,950 (about $202 per square foot).
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