OfferBackedBuyer Tools Run my numbers

Is Bingham Lake, MN 56118 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Bingham Lake is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list—Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market—Listing to accepted offer
Median price per sq ft—

Run the numbers for 56118

Prefilled for 56118Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56118Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Jeffers 56145 — /sq ftMountain Lake 56159Balanced $96 /sq ftWestbrook 56183Balanced $109 /sq ftWindom 56101Balanced $117 /sq ft Browse all markets →

Local agents

See all agents in 56118 →

No sponsored agents in 56118 yet. Are you an agent here? Put your name in front of local buyers.

More tools for 56118

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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