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Short Sale Listings in Pelican Rapids, MN 56572

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Pelican Rapids, MN Foreclosures

How much do homes sell for in Pelican Rapids, MN?
The average home price is currently $520,586.
In Pelican Rapids, MN, how many homes are available?
There are currently 3 active home listings available in Pelican Rapids.
What’s the average rental cost in Pelican Rapids, MN?
The average rental price in Pelican Rapids is $1,614.
What is the most expensive home in Pelican Rapids?
The most expensive home sold in Pelican Rapids had a price of $6,625,286.
What is currently the cheapest priced home in Pelican Rapids, MN?
The cheapest home for sale in Pelican Rapids is priced at $15,387.

Living in Pelican Rapids, MN

Pelican Rapids, MN is a picturesque small town that combines natural beauty with a welcoming community atmosphere. Residents have access to a variety of lakes and outdoor activities, while local schools provide quality education and ongoing community programs. The town's cultural heritage and friendly events make it an ideal place to call home.

Current Market Conditions in Pelican Rapids, MN

The real estate market in Pelican Rapids has shown steady growth, with an increasing demand for homes amidst the area’s picturesque landscapes. Current trends suggest a balanced market where buyers and sellers have opportunities, making it a favorable time for investment in the area.

Overall, homes are selling somewhat quickly, and new listings are generating considerable interest. Investors are particularly attracted to the area due to its recreational offerings and tranquil lifestyle, leading to rising property values.

Home Value Estimator For Pelican Rapids, MN

There are currently 3,720 real estate properties in Pelican Rapids, MN, with a median automated valuation model (AVM) price of $436,013.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelican Rapids, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pelican Rapids, MN, is $520,586.00, with the most expensive house in Pelican Rapids, MN, topping out at $6,625,286.00 and the cheapest home in Pelican Rapids, MN, clocking in at $15,387.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelican Rapids, MN!

Rent Prices In Pelican Rapids, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelican Rapids, MN, is on a rollercoaster ride. The average rent price in Pelican Rapids, MN, is $1,614.00. Indeed, when looking to rent in Pelican Rapids, MN, you can expect to pay as little as $510.00 or as much as $2,920.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Pelican Rapids, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pelican Rapids, MN 56572 Short Sale Listings

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