Is Medford, MN 55049 a buyer’s or seller’s market?
Medford is a seller’s market. With about 1.2 months of supply and 63% 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.
The Medford housing market right now
In the three months ending August 31, 2026, 63% of homes in Medford, MN 55049 sold above their list price, the typical home went under contract in 9 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (38 days then) and the median sale price fell 12% to $304,868. Overall, Medford is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Ellendale 56026 (0% sold over asking) or Owatonna 55060 (34% sold over asking).
Run the numbers for 55049
Nearby markets
Blooming Prairie 55917Seller’s market $180 /sq ftEllendale 56026Balanced $181 /sq ftOwatonna 55060Seller’s market $159 /sq ft Browse all markets →Towns like Medford nearby
Find towns like Medford in other states →Where Medford is
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Questions about Medford real estate
Is Medford a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Medford, MN 55049 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Medford?
The typical home went under contract in 9 days in the latest three months.
Do homes in Medford sell over asking?
63% of homes sold above their original list price, and the typical sale closed at 105.1% of the list price.
What are property taxes in Medford?
About 1.21% of a home’s value a year in Steele County, or roughly $4,840 on a $400,000 home.
What is the median home price in Medford?
The median sale price was $304,868 in the three months ending August 31, 2026, about $166 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology