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Is Lafayette, MN 56054 a buyer’s or seller’s market?

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

Lafayette is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list97.9%Sold price ÷ list price

Median days on market8Listing to accepted offer

Median price per sq ft$93▼ −55.4% vs. last year

Run the numbers for 56054

Prefilled for 56054Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56054Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Courtland 56021Seller’s market $140 /sq ft Mankato 56003Seller’s market $162 /sq ft Nicollet 56074Seller’s market $160 /sq ft Saint Peter 56082Seller’s market $169 /sq ft Browse all markets →

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