Market report, updated

Norman County Home Values and Market Report

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 94.3% of list price in 127 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $155K Sold · $146K
$330K$250K$170K$90K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 8 sales in Apr. Last month: 6.

Where the market stands

All homes in this report, by status.

98homes
Active31 · 32%
Under contract4 · 4%
Sold (12 mo)63 · 64%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$268K
Under contract$201K
Sold$172K

Average days on market

Active133 days
Under contract74 days
Sold127 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 31
Average list price $267,774
Avg. days on market 133 days
Avg. price per ft² $127 Based on 24 of 31 homes
Avg. living area 1,940 ft² Based on 24 of 31 homes
Avg. beds / baths 3.3 / 2.1

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

7 homes didn’t report living area and aren’t shown.

$600K$400K$200K$0

Price vs. living area: 24 homes plotted, up to $600K and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

7 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

1205 310th Street$240
314 Main Street E$222
312 Main Street E$222
261 Herbert Street$201
1318 County Highway 25$182
3951 180th Avenue$173
216 1st Avenue E$165

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
1318 County Highway 25Hendrum, MN 56550 321,916$349,900$1825 days
204 6th Street EAda, MN 56510 221,576$90,000$579 days
261 Herbert StreetHendrum, MN 56550 421,984$399,900$20124 days
216 1st Avenue EHalstad, MN 56548 211,056$175,000$16530 days
TBD County Rd 39Borup, MN 56519 ———$464,000—30 days
116 3rd Street EHalstad, MN 56548 321,856$208,500$11247 days
205 2nd StreetShelly, MN 56581 221,040$119,900$11555 days
103 3rd Avenue EAda, MN 56510 422,448$209,000$8561 days
107 4th Avenue WAda, MN 56510 ———$349,900—67 days
606 4th Street WAda, MN 56510 422,900$449,900$15564 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.