Is Pennington, MN 56663 a buyer’s or seller’s market?

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

Pennington is a seller’s market. With about 1.6 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 supply1.6Under 4 months = seller’s market

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

Median sale-to-list101.4%Sold price ÷ list price

Median days on market124Listing to accepted offer

Median price per sq ft$190▲ +107.1% vs. last year

Run the numbers for 56663

Prefilled for 56663Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56663Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bemidji 56601Seller’s market $170 /sq ft Blackduck 56630Seller’s market $110 /sq ft Grygla 56727 — /sq ft Hines 56647Buyer’s market $182 /sq ft Browse all markets →

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