Is Welcome, MN 56181 a buyer’s or seller’s market?
Welcome is a seller’s market. With about 3.2 months of supply and 25% 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 supply3.2Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list99%Sold price ÷ list price
Median days on market117Listing to accepted offer
Median price per sq ft$178▲ +58.8% vs. last year
Run the numbers for 56181
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 →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology