Photo: Myotus · CC BY 4.051 homes sold in Park Rapids in the last year, at a typical $233K
Almost every sale is a house. Below: what each kind of home sells for, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Park Rapids homes are listed.
Every place Park Rapids homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Park Rapids.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Park Rapids’ sales, at a typical — (year to May 2026)
51 homes sold in the year to September 2026.
Fewer homes sell than a decade ago, at 2.2 times the 2016 price
51 sales in the last year, against 88 in 2019 and a low of 53 in 2023. The typical sale went from $107K in 2016 to $233K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Bidding wars in Park Rapids are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Park Rapids’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 51 sales.
If you’re buying in Park Rapids
- Shop in May. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- Offer under asking. Buyers paid 96% of the list price on average; 25% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 44 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 12 a month), and the most competition: 23% close over asking. February has the least competition (10%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Park Rapids now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 14% | 39% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 30% | 53% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 96% | 95.9% | 99.9% | 99% |
| Days to sellMedian days from listing to contract | 44 | 57 | 24 | 38 |
17 homes for sale on a typical day
That’s 2.2 times the 2021 low (8), 34% fewer than in 2017–19 and well under 2012’s 60.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Park Rapids home costs about $1,418 a month
Price: Park Rapids’ typical sale, last 12 months. Property tax at Park Rapids’ 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Park Rapids is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $233K home, about $2,420 a year.
Taxes vs. neighborsSchools
The schools grade for Park Rapids, from test results, graduation and how much students grow.
Schools in Park RapidsTypical commute
The average one-way trip to work for people who live in Park Rapids.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Park Rapids, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Park Rapids. People who follow the town see it, and so do people comparing Park Rapids with their own town. No commission, no listing fee.
Questions about buying a home in Park Rapids
What do homes sell for in Park Rapids, MN?
51 homes sold in the year to September 2026 at a typical $233K, $146 a square foot.
Is Park Rapids a buyer’s or seller’s market?
A seller’s market: 24 homes were for sale in September 2026 and 6 sold, about 3.8 months of supply. Buyers paid 96% of asking on average.
When is the best time to buy in Park Rapids?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Park Rapids?
About 1% of a home’s value a year. On a $233K home that’s near $2,420.
Where can I see homes for sale in Park Rapids?
Zillow, Redfin, Realtor.com and Homes.com all carry Park Rapids’ MLS listings; the search links above open each one filtered to Park Rapids.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).