Is Federal Dam, MN 56641 a buyer’s or seller’s market?

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

Federal Dam is a seller’s market. With about 3.2 months of supply and 0% 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 list0%Share of sales, last 3 months

Median sale-to-list100%Sold price ÷ list price

Median days on market51Listing to accepted offer

Median price per sq ft$212▼ −5.2% vs. last year

Run the numbers for 56641

Prefilled for 56641Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56641Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Backus 56435Seller’s market $273 /sq ft Bena 56626 — /sq ft Cass Lake 56633Buyer’s market $105 /sq ft Hackensack 56452Seller’s market $300 /sq ft Browse all markets →

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