Is Pease, MN 56363 a buyer’s or seller’s market?
Pease is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pease housing market right now
In the three months ending August 31, 2026, 0% of homes in Pease, MN 56363 sold above their list price, the typical home went under contract in 199 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (196 days then) and the median sale price fell 3% to $284,877. Overall, Pease is about as competitive as it was a year ago.
Within Mille Lacs County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Foreston 56330 (75% sold over asking) and Milaca 56353 (28% sold over asking) are even more competitive.
Run the numbers for 56363
Nearby markets
Foreston 56330Seller’s market $272 /sq ftMilaca 56353Seller’s market $187 /sq ftOnamia 56359Balanced $223 /sq ftPrinceton 55371Seller’s market $210 /sq ft Browse all markets →Where Pease is
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Questions about Pease real estate
Is Pease a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Pease, MN 56363 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pease?
The typical home went under contract in 199 days in the latest three months.
Do homes in Pease sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Pease?
About 1.04% of a home’s value a year in Mille Lacs County, or roughly $4,160 on a $400,000 home.
What is the median home price in Pease?
The median sale price was $284,877 in the three months ending August 31, 2026, about $230 per square foot.
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More tools for 56363
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology