Is Randolph, MN 55065 a buyer’s or seller’s market?
Randolph is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Randolph housing market right now
In the three months ending August 31, 2026, 25% of homes in Randolph, MN 55065 sold above their list price, the typical home went under contract in 64 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 rose from 0%, homes sold more slowly (21 days then) and the median sale price fell 4% to $426,765. Overall, Randolph is more competitive than a year ago, so tougher for buyers.
Within Dakota County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 87%.
Nearby, buyers who want less competition could look at Hampton 55031 (0% sold over asking), while Saint Paul 55120 (55% sold over asking) and South Saint Paul 55075 (51% sold over asking) are even more competitive.
Run the numbers for 55065
Nearby markets
Burnsville 55306Seller’s market $187 /sq ftBurnsville 55337Seller’s market $180 /sq ftFarmington 55024Seller’s market $192 /sq ftHampton 55031Buyer’s market $192 /sq ft Browse all markets →Towns like Randolph nearby
Find towns like Randolph in other states →Where Randolph is
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Questions about Randolph real estate
Is Randolph a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Randolph, MN 55065 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 Randolph?
The typical home went under contract in 64 days in the latest three months.
Do homes in Randolph sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Randolph?
About 0.98% of a home’s value a year in Dakota County, or roughly $3,920 on a $400,000 home.
What is the median home price in Randolph?
The median sale price was $426,765 in the three months ending August 31, 2026, about $238 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