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NEW PRAGUE, MN 56071

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

Market Analysis

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

The NEW PRAGUE, MN real estate market (56071) currently shows 38 active listings, with 16 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are selling faster, averaging 19 days on market compared to 70 days last year.

The median listing price has fallen 13.7% year-over-year, from $495,525 to $427,475.

Whether you are buying or selling in NEW PRAGUE, 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: 13,252  ·  Density: 59.5/mi²  ·  Median household income: $107,926

Typical home value: $356,451  ·  Homeownership: 87.7%

Market Overview

Active Listings
38
⇧ 58.3% vs 24 last year
Pending
16
42% pending ratio
Median Price
$427,475
⇩ 13.7% vs $495,525 last year
Average Price
$443,982
⇩ 17.2% vs $536,064 last year
Days on Market
19
⇩ 72.9% vs 70 days last year

Price Per Square Foot

Median $/sqft
$196
vs $196/sqft last year
Median Home Size
2,278 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 24 last year
  • Days on market: 19 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $427,475 (-13.7% YoY)
  • Average: $443,982 (-17.2% 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 21.1 miles — 454 listings ($265,839,321 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56071New Prague, MN 560710.0 mi26$11,660,480$442,450$448,480
55352Jordan, MN 553528.3 mi26$18,281,562$547,611$703,137
55046Lonsdale, MN 5504610.2 mi17$8,585,935$389,899$505,055
56011Belle Plaine, MN 5601110.7 mi29$11,662,901$379,400$402,169
56057Le Center, MN 5605711.8 mi7$2,216,431$302,450$316,633
55315Carver, MN 5531513.6 mi31$19,387,183$566,210$625,393
55379Shakopee, MN 5537915.6 mi154$80,830,288$509,950$524,872
56044Henderson, MN 5604417.5 mi3$1,044,000$360,000$348,000
55019Dundas, MN 5501918.4 mi7$2,619,260$404,950$374,180
55322Cologne, MN 5532219.1 mi16$8,224,800$444,400$514,050
55306Burnsville, MN 5530619.7 mi28$11,502,708$385,000$410,811
56096Waterville, MN 5609620.1 mi13$4,285,099$267,450$329,623
55347Eden Prairie, MN 5534721.1 mi97$85,538,674$638,950$881,842

Frequently Asked Questions

How many homes are for sale in NEW PRAGUE, MN 56071?

As of February 2026, there are 38 active listings in NEW PRAGUE, MN (zip code 56071), compared to 24 the prior year.

What is the median home price in NEW PRAGUE, MN 56071?

The median listing price in NEW PRAGUE, MN 56071 is $427,475 as of February 2026, a 13.7% decrease from $495,525 the prior year.

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

Homes in NEW PRAGUE, MN 56071 spend an average of 19 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in NEW PRAGUE, MN 56071?

Based on current inventory and days-on-market data as of February 2026, NEW PRAGUE, MN 56071 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 19 days on market compared to 70 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW PRAGUE, MN 56071 save an estimated $8,550 compared to a typical 5% commission on the median listing price of $427,475. 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.