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PEASE, MN 56363

Real Estate Market Report  ·  Mille Lacs County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The PEASE, MN real estate market (56363) currently shows 4 active listings, with 1 pending sales. Homes are averaging 100 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 100 days on market compared to 58 days last year.

The median listing price has risen 12.8% year-over-year, from $306,700 to $345,900.

Whether you are buying or selling in PEASE, 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: 247  ·  Density: 85.8/mi²  ·  Median household income: $60,208

Typical home value: $142,572  ·  Homeownership: 79.6%

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
1
25% pending ratio
Median Price
$345,900
⇧ 12.8% vs $306,700 last year
Average Price
$340,638
⇧ 11.1% vs $306,700 last year
Days on Market
100
⇧ 72.4% vs 58 days last year

Price Per Square Foot

Median $/sqft
$280
⇧ 26.7% vs $221/sqft last year
Median Home Size
1,241 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 100 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $345,900 (+12.8% YoY)
  • Average: $340,638 (+11.1% 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 28.1 miles — 261 listings ($117,085,564 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56363Pease, MN 563630.0 mi5$1,708,000$349,900$341,600
56353Milaca, MN 563537.1 mi23$9,050,638$325,000$393,506
55017Dalbo, MN 5501710.9 mi2$1,139,900$569,950$569,950
56358Ogilvie, MN 5635814.0 mi8$2,708,232$380,000$338,529
55308Becker, MN 5530820.4 mi23$8,838,394$379,000$384,278
55319Clear Lake, MN 5531920.9 mi39$17,191,746$363,900$440,814
55080Stanchfield, MN 5508021.1 mi1$460,000$460,000$460,000
55309Big Lake, MN 5530922.4 mi48$22,186,896$414,900$462,227
55051Mora, MN 5505122.8 mi18$6,533,334$364,000$362,963
56338Hillman, MN 5633824.0 mi1$749,900$749,900$749,900
56367Rice, MN 5636725.3 mi21$9,815,988$285,900$467,428
56359Onamia, MN 5635927.2 mi16$7,737,488$317,500$483,593
56377Sartell, MN 5637728.1 mi56$28,965,048$449,900$517,233

Frequently Asked Questions

How many homes are for sale in PEASE, MN 56363?

As of February 2026, there are 4 active listings in PEASE, MN (zip code 56363), compared to 2 the prior year.

What is the median home price in PEASE, MN 56363?

The median listing price in PEASE, MN 56363 is $345,900 as of February 2026, a 12.8% increase from $306,700 the prior year.

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

Homes in PEASE, MN 56363 spend an average of 100 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in PEASE, MN 56363?

Based on current inventory and days-on-market data as of February 2026, PEASE, MN 56363 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 100 days on market compared to 58 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEASE, MN 56363 save an estimated $6,918 compared to a typical 5% commission on the median listing price of $345,900. 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.