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HOPE, MN 56046

Real Estate Market Report  ·  Steele County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The HOPE, MN real estate market (56046) currently shows 1 active listings, with 1 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 118 days on market compared to 63 days last year.

The median listing price has risen 24.7% year-over-year, from $256,500 to $319,900.

Whether you are buying or selling in HOPE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 147  ·  Density: 28.8/mi²  ·  Median household income: $67,500

Typical home value: $88,610  ·  Homeownership: 95.8%

Market Overview

Active Listings
1
vs 1 last year
Pending
1
100% pending ratio
Median Price
$319,900
⇧ 24.7% vs $256,500 last year
Average Price
$319,900
⇧ 24.7% vs $256,500 last year
Days on Market
118
⇧ 87.3% vs 63 days last year

Price Per Square Foot

Median $/sqft
$207
⇧ 73.9% vs $119/sqft last year
Median Home Size
1,544 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 118 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $319,900 (+24.7% YoY)
  • Average: $319,900 (+24.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.7 miles — 166 listings ($51,228,467 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56026Ellendale, MN 560266.5 mi7$1,761,319$222,450$251,617
55917Blooming Prairie, MN 5591711.5 mi10$2,904,570$214,999$290,457
55924Claremont, MN 5592413.3 mi1$525,000$525,000$525,000
55049Medford, MN 5504914.5 mi2$629,800$314,900$314,900
56045Hollandale, MN 5604514.7 mi3$1,657,350$552,450$552,450
55927Dodge Center, MN 5592720.2 mi10$3,993,090$325,000$399,309
56091Waldorf, MN 5609121.2 mi2$298,000$149,000$149,000
55950Lansing, MN 5595021.7 mi1$279,000$279,000$279,000
55985West Concord, MN 5598522.4 mi10$3,949,800$350,000$394,980
55940Hayfield, MN 5594023.5 mi6$1,916,700$319,450$319,450
55912Austin, MN 5591224.1 mi92$26,575,672$224,999$288,866
56096Waterville, MN 5609625.2 mi13$4,285,099$267,450$329,623
56009Alden, MN 5600925.7 mi9$2,453,067$304,900$272,563

Frequently Asked Questions

How many homes are for sale in HOPE, MN 56046?

As of February 2026, there are 1 active listings in HOPE, MN (zip code 56046), compared to 1 the prior year.

What is the median home price in HOPE, MN 56046?

The median listing price in HOPE, MN 56046 is $319,900 as of February 2026, a 24.7% increase from $256,500 the prior year.

How long do homes stay on the market in HOPE, MN?

Homes in HOPE, MN 56046 spend an average of 118 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in HOPE, MN 56046?

Based on current inventory and days-on-market data as of February 2026, HOPE, MN 56046 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 118 days on market compared to 63 days last year.

How much can I save on real estate commission in HOPE, MN?

With SELL123.com's maximum 3% commission, sellers in HOPE, MN 56046 save an estimated $6,398 compared to a typical 5% commission on the median listing price of $319,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.