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Is Minneota, MN 56264 a buyer’s or seller’s market?

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

Minneota is a seller’s market. With about 2.6 months of supply and 40% 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 supply2.6Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list102.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$81▼ −21.0% vs. last year

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Prefilled for 56264Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56264Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Balaton 56115Seller’s market $106 /sq ftCottonwood 56229Seller’s market $103 /sq ftGarvin 56132Buyer’s market $188 /sq ftGhent 56239Seller’s market $160 /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