Comprehensive market data and analysis• Updated Dec 2025
13.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 4 | 8 |
| 1-2 acres | 1 | 3 | 4 | 10 |
| 2-5 acres | - | - | 11 | 14 |
| 5-10 acres | 1 | 1 | 5 | 11 |
| 10-20 acres | - | - | 1 | 2 |
| 20-50 acres | - | 1 | 6 | 7 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 2 | 5 | 31 | 53 |
Acreage buckets
The median price for land in Park Rapids, Minnesota is currently $21K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $24K while premium lots reached $242K.
Park Rapids, Minnesota is currently a strong buyer's market with 13.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 44.3% year-over-year.
Park Rapids, Minnesota currently has 13.2 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Park Rapids, Minnesota saw 53 properties sold, totaling $6.2M in sales volume. In just the last 3 months, 5 properties changed hands.
The median land price in Park Rapids, Minnesota stands at $80K. This translates to roughly $21K per acre for the typical parcel size. The average price is $117K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Park Rapids, Minnesota is 7.6% (3-month basis), indicating slow demand. With depreciating values (-44.3% YoY), buyers may find value opportunities. The top-performing broker in this market is Wolff & Simon Real Estate.
Land in Park Rapids, Minnesota typically sells within 149 days of listing. The median time on market is 28 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
