Is Northfield, MN 55057 a buyer’s or seller’s market?

The Northfield housing market right now

In the three months ending August 31, 2026, 33% of homes in Northfield, MN 55057 sold above their list price, the typical home went under contract in 27 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (16 days then) and the median sale price rose 1% to $403,825. Overall, Northfield is less competitive than a year ago, which gives buyers more room.

Within Rice County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Northfield ranks #157 of 296 MN ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Webster 55088 (0% sold over asking) or Nerstrand 55053 (0% sold over asking), while Warsaw 55087 (100% sold over asking) and Dundas 55019 (50% sold over asking) are even more competitive.