Is Cottonwood, MN 56229 a buyer’s or seller’s market?
Cottonwood is a seller’s market. With about 0.5 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 supply0.5Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list100.2%Sold price ÷ list price
Median days on market10Listing to accepted offer
Median price per sq ft$103▼ −13.3% vs. last year
Run the numbers for 56229
Nearby markets
Balaton 56115Seller’s market $106 /sq ftGarvin 56132Buyer’s market $188 /sq ftGhent 56239Seller’s market $160 /sq ftLynd 56157 — /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology