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CALLAWAY, MN 56521

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

Market Analysis

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

The CALLAWAY, MN real estate market (56521) currently shows 2 active listings. Homes are averaging 257 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 257 days on market compared to 193 days last year.

The median listing price has fallen 30.5% year-over-year, from $394,925 to $274,450.

Whether you are buying or selling in CALLAWAY, 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: 795  ·  Density: 4.9/mi²  ·  Median household income: $65,625

Typical home value: $129,015  ·  Homeownership: 85.4%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$274,450
⇩ 30.5% vs $394,925 last year
Average Price
$274,450
⇩ 30.5% vs $394,925 last year
Days on Market
257
⇧ 33.2% vs 193 days last year

Price Per Square Foot

Median $/sqft
$297
vs $297/sqft last year
Median Home Size
900 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 257 now vs 193 last year

Median & Average Pricing

Year over Year
  • Median: $274,450 (-30.5% YoY)
  • Average: $274,450 (-30.5% 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 36.4 miles — 95 listings ($50,900,530 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56521Callaway, MN 565210.0 mi2$548,900$274,450$274,450
56511Audubon, MN 5651111.2 mi4$4,012,400$944,200$1,003,100
56578Rochert, MN 5657812.4 mi1$450,000$450,000$450,000
56589Waubun, MN 5658915.1 mi8$2,254,000$190,000$281,750
56544Frazee, MN 5654421.8 mi13$4,917,887$364,523$378,299
56549Hawley, MN 5654922.0 mi13$6,715,735$524,676$516,595
56584Twin Valley, MN 5658422.6 mi1$209,900$209,900$209,900
56587Vergas, MN 5658724.9 mi3$1,638,000$489,000$546,000
56572Pelican Rapids, MN 5657228.5 mi20$15,220,120$455,000$761,006
56536Felton, MN 5653630.0 mi0$0$115,000$115,000
56547Glyndon, MN 5654731.7 mi16$6,349,728$417,400$396,858
56651Lengby, MN 5665133.2 mi2$1,398,500$699,250$699,250
56621Bagley, MN 5662136.4 mi12$7,185,360$309,000$598,780

Frequently Asked Questions

How many homes are for sale in CALLAWAY, MN 56521?

As of February 2026, there are 2 active listings in CALLAWAY, MN (zip code 56521), compared to 1 the prior year.

What is the median home price in CALLAWAY, MN 56521?

The median listing price in CALLAWAY, MN 56521 is $274,450 as of February 2026, a 30.5% decrease from $394,925 the prior year.

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

Homes in CALLAWAY, MN 56521 spend an average of 257 days on the market before going under contract, compared to 193 days the prior year.

Is it a seller's or buyer's market in CALLAWAY, MN 56521?

Based on current inventory and days-on-market data as of February 2026, CALLAWAY, MN 56521 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 257 days on market compared to 193 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CALLAWAY, MN 56521 save an estimated $5,489 compared to a typical 5% commission on the median listing price of $274,450. 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.