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Is Erhard, MN 56534 a buyer’s or seller’s market?

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

Erhard is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply22.4Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list96.4%Sold price ÷ list price

Median days on market32Listing to accepted offer

Median price per sq ft$145▼ −12.0% vs. last year

Run the numbers for 56534

Prefilled for 56534Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56534Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Battle Lake 56515Balanced $251 /sq ft Bluffton 56518Buyer’s market $170 /sq ft Clitherall 56524Seller’s market $215 /sq ft Dalton 56324Seller’s market $160 /sq ft Browse all markets →

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