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Is Sherburn, MN 56171 a buyer’s or seller’s market?

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

Sherburn is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.2Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list95.3%Sold price ÷ list price
Median days on market7Listing to accepted offer
Median price per sq ft$122▲ +30.5% vs. last year

Run the numbers for 56171

Prefilled for 56171Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56171Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ceylon 56121Balanced $49 /sq ftDunnell 56127Balanced $91 /sq ftFairmont 56031Seller’s market $111 /sq ftGranada 56039Seller’s market $140 /sq ft Browse all markets →

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