ZIP 56541 housing market
Data through Jan 2026 · Balanced market · leverage 13
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Buyer Leverage Score
13
Jul 2017
Days on Market
25 days
Sep 2022
Price Cut %
0.0%
Sep 2022
Sale-to-List Ratio
69.4%
Feb 2016
Expected Disaster Loss
$108
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is low (13/100; U.S.: 54) (as of Jul 2017): homes sell for about 30.6% below their final list price (as of Feb 2016); 0% of listings had a price cut (U.S.: 26%) (as of Sep 2022).
- Disaster risk. FEMA expects about $108 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Norman County, MN
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Ada, MN 56510 | $176.5K | +8.5% | 52 |
| Twin Valley, MN 56584 | $167.7K | +6.2% | 51 |
| Gary, MN 56545 | – | – | 82 |
| Halstad, MN 56548 | $175.4K | +5.2% | 23 |
| Hendrum, MN 56550 | – | – | 88 |
| Borup, MN 56519 | – | – | 52 |
| Shelly, MN 56581 | – | – | 21 |
| Perley, MN 56574 | – | – | 68 |