Is Nerstrand, MN 55053 a buyer’s or seller’s market?
Nerstrand 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.
The Nerstrand housing market right now
In the three months ending August 31, 2026, 0% of homes in Nerstrand, MN 55053 sold above their list price, the typical home went under contract in 24 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (37 days then) and the median sale price fell 54% to $264,386. Overall, Nerstrand is more competitive than a year ago, so tougher for buyers.
Within Rice County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Warsaw 55087 (100% sold over asking) and Dundas 55019 (50% sold over asking) are even more competitive.
Run the numbers for 55053
Nearby markets
Dundas 55019Seller’s market $200 /sq ftFaribault 55021Seller’s market $169 /sq ftLonsdale 55046Seller’s market $176 /sq ftMorristown 55052Seller’s market $157 /sq ft Browse all markets →Where Nerstrand is
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Questions about Nerstrand real estate
Is Nerstrand a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Nerstrand, MN 55053 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 Nerstrand?
The typical home went under contract in 24 days in the latest three months.
Do homes in Nerstrand sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Nerstrand?
About 0.97% of a home’s value a year in Rice County, or roughly $3,880 on a $400,000 home.
What is the median home price in Nerstrand?
The median sale price was $264,386 in the three months ending August 31, 2026, about $189 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