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CANBY, MN 56220

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The CANBY, MN real estate market (56220) currently shows 9 active listings, with 4 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 29 days on market compared to 170 days last year.

The median listing price has fallen 23.7% year-over-year, from $199,950 to $152,500.

Whether you are buying or selling in CANBY, 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: 2,621  ·  Density: 3.7/mi²  ·  Median household income: $57,432

Typical home value: $150,888  ·  Homeownership: 85.3%

Market Overview

Active Listings
9
⇩ 18.2% vs 11 last year
Pending
4
44% pending ratio
Median Price
$152,500
⇩ 23.7% vs $199,950 last year
Average Price
$183,500
⇩ 9.3% vs $202,310 last year
Days on Market
29
⇩ 82.9% vs 170 days last year

Price Per Square Foot

Median $/sqft
$89
⇧ 2.3% vs $87/sqft last year
Median Home Size
1,656 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 11 last year
  • Days on market: 29 now vs 170 last year

Median & Average Pricing

Year over Year
  • Median: $152,500 (-23.7% YoY)
  • Average: $183,500 (-9.3% 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 33.1 miles — 77 listings ($18,167,400 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56220Canby, MN 562200.0 mi5$961,250$135,000$192,250
57237Gary, SD 5723711.9 mi2$1,014,900$507,450$507,450
56142Ivanhoe, MN 5614218.2 mi4$597,800$149,450$149,450
56232Dawson, MN 5623218.4 mi16$2,791,888$159,900$174,493
56256Madison, MN 5625620.7 mi11$2,378,860$197,400$216,260
56223Clarkfield, MN 5622323.5 mi6$776,160$80,000$129,360
56239Ghent, MN 5623924.5 mi1$110,000$110,000$110,000
56212Bellingham, MN 5621227.9 mi1$169,000$169,000$169,000
57238Goodwin, SD 5723829.5 mi1$434,900$434,900$434,900
56149Lake Benton, MN 5614929.8 mi7$1,602,720$89,900$228,960
56295Watson, MN 5629530.8 mi1$89,000$89,000$89,000
57234Estelline, SD 5723431.2 mi6$3,099,402$524,900$516,567
56258Marshall, MN 5625833.1 mi16$4,141,520$190,000$258,845

Frequently Asked Questions

How many homes are for sale in CANBY, MN 56220?

As of February 2026, there are 9 active listings in CANBY, MN (zip code 56220), compared to 11 the prior year.

What is the median home price in CANBY, MN 56220?

The median listing price in CANBY, MN 56220 is $152,500 as of February 2026, a 23.7% decrease from $199,950 the prior year.

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

Homes in CANBY, MN 56220 spend an average of 29 days on the market before going under contract, compared to 170 days the prior year.

Is it a seller's or buyer's market in CANBY, MN 56220?

Based on current inventory and days-on-market data as of February 2026, CANBY, MN 56220 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 29 days on market compared to 170 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CANBY, MN 56220 save an estimated $3,050 compared to a typical 5% commission on the median listing price of $152,500. 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.