Is Northfield, MN 55057 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Northfield is a seller’s market. With about 2.7 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.7Under 4 months = seller’s market

Sold above original list33.3%Share of sales, last 3 months

Median sale-to-list99.2%Sold price ÷ list price

Median days on market27Listing to accepted offer

Median price per sq ft$193▲ +5.3% vs. last year

Run the numbers for 55057

Prefilled for 55057Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55057Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dundas 55019Seller’s market $200 /sq ft Faribault 55021Seller’s market $169 /sq ft Lonsdale 55046Seller’s market $176 /sq ft Morristown 55052Seller’s market $157 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology