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GARRISON, MN 56450

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

Market Analysis

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

The GARRISON, MN real estate market (56450) currently shows 9 active listings, with 3 pending sales. Homes are averaging 120 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 120 days on market compared to 57 days last year.

The median listing price has risen 15.5% year-over-year, from $289,900 to $334,975.

Whether you are buying or selling in GARRISON, 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: 1,021  ·  Density: 15.0/mi²  ·  Median household income: $59,896

Typical home value: $170,815  ·  Homeownership: 84.2%

Market Overview

Active Listings
9
⇩ 25% vs 12 last year
Pending
3
33% pending ratio
Median Price
$334,975
⇧ 15.5% vs $289,900 last year
Average Price
$351,385
⇧ 7.3% vs $327,587 last year
Days on Market
120
⇧ 110.5% vs 57 days last year

Price Per Square Foot

Median $/sqft
$220
⇩ 29.9% vs $314/sqft last year
Median Home Size
1,308 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 12 last year
  • Days on market: 120 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $334,975 (+15.5% YoY)
  • Average: $351,385 (+7.3% 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 33.9 miles — 232 listings ($128,086,607 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56450Garrison, MN 564500.0 mi13$4,289,675$307,450$329,975
56444Deerwood, MN 5644412.9 mi9$4,633,425$379,900$514,825
56338Hillman, MN 5633815.8 mi1$749,900$749,900$749,900
56386Wahkon, MN 5638617.2 mi2$1,199,800$599,900$599,900
56431Aitkin, MN 5643119.5 mi22$13,947,604$396,000$633,982
56449Fort Ripley, MN 5644921.3 mi6$2,919,600$499,900$486,600
56465Merrifield, MN 5646524.6 mi13$9,700,548$614,950$746,196
56468Nisswa, MN 5646828.3 mi34$28,983,198$650,000$852,447
56345Little Falls, MN 5634530.4 mi33$11,697,444$314,900$354,468
56353Milaca, MN 5635331.8 mi23$9,050,638$325,000$393,506
56373Royalton, MN 5637332.5 mi5$2,006,125$405,000$401,225
56442Crosslake, MN 5644233.0 mi18$14,159,664$399,900$786,648
56472Pequot Lakes, MN 5647233.9 mi53$24,748,986$419,900$466,962

Frequently Asked Questions

How many homes are for sale in GARRISON, MN 56450?

As of February 2026, there are 9 active listings in GARRISON, MN (zip code 56450), compared to 12 the prior year.

What is the median home price in GARRISON, MN 56450?

The median listing price in GARRISON, MN 56450 is $334,975 as of February 2026, a 15.5% increase from $289,900 the prior year.

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

Homes in GARRISON, MN 56450 spend an average of 120 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in GARRISON, MN 56450?

Based on current inventory and days-on-market data as of February 2026, GARRISON, MN 56450 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 120 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GARRISON, MN 56450 save an estimated $6,700 compared to a typical 5% commission on the median listing price of $334,975. 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.