Is Shafer, MN 55074 a buyer’s or seller’s market?
Shafer is a seller’s market. With about 2.4 months of supply and 50% 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 Shafer housing market right now
In the three months ending August 31, 2026, 50% of homes in Shafer, MN 55074 sold above their list price, the typical home went under contract in 53 days and there were 2.4 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 fell from 56%, homes sold more slowly (45 days then) and the median sale price rose 7% to $380,835. Overall, Shafer is less competitive than a year ago, which gives buyers more room.
Within Chisago County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Center City 55012 (25% sold over asking) or North Branch 55056 (32% sold over asking), while Taylors Falls 55084 (67% sold over asking) is even more competitive.
Run the numbers for 55074
Nearby markets
Center City 55012Seller’s market $226 /sq ftChisago City 55013Seller’s market $239 /sq ftHarris 55032Seller’s market $271 /sq ftLindstrom 55045Seller’s market $208 /sq ft Browse all markets →Towns like Shafer nearby
Find towns like Shafer in other states →Where Shafer is
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Questions about Shafer real estate
Is Shafer a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Shafer, MN 55074 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 Shafer?
The typical home went under contract in 53 days in the latest three months.
Do homes in Shafer sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What are property taxes in Shafer?
About 1.07% of a home’s value a year in Chisago County, or roughly $4,280 on a $400,000 home.
What is the median home price in Shafer?
The median sale price was $380,835 in the three months ending August 31, 2026, about $225 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