Is Warsaw, MN 55087 a buyer’s or seller’s market?
Warsaw is a seller’s market. With about 1.6 months of supply and 100% 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 Warsaw housing market right now
In the three months ending August 31, 2026, 100% of homes in Warsaw, MN 55087 sold above their list price, the typical home went under contract in 9 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 50%, homes sold faster (83 days then) and the median sale price fell 26% to $145,187. Overall, Warsaw is more competitive than a year ago, so tougher for buyers.
Within Rice County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Webster 55088 (0% sold over asking) or Nerstrand 55053 (0% sold over asking).
Run the numbers for 55087
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 Warsaw is
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Questions about Warsaw real estate
Is Warsaw a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Warsaw, MN 55087 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 Warsaw?
The typical home went under contract in 9 days in the latest three months.
Do homes in Warsaw sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 113.4% of the list price.
What are property taxes in Warsaw?
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 Warsaw?
The median sale price was $145,187 in the three months ending August 31, 2026, about $99 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