Is Inver Grove Heights, MN 55077 a buyer’s or seller’s market?

The Inver Grove Heights housing market right now

In the three months ending August 31, 2026, 26% of homes in Inver Grove Heights, MN 55077 sold above their list price, the typical home went under contract in 27 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (36 days then) and the median sale price rose 41% to $729,684. Overall, Inver Grove Heights is more competitive than a year ago, so tougher for buyers.

Within Dakota County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 81%. On our competition score, Inver Grove Heights ranks #139 of 296 MN ZIP codes with enough sales (score 70 out of 100).

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.