Is Welch, MN 55089 a buyer’s or seller’s market?
Welch is a seller’s market. With about 1.6 months of supply and 0% 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 Welch housing market right now
In the three months ending August 31, 2026, 0% of homes in Welch, MN 55089 sold above their list price, the typical home went under contract in 35 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 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 33%, homes sold more slowly (28 days then) and the median sale price rose 22% to $537,767. Overall, Welch is less competitive than a year ago, which gives buyers more room.
Within Goodhue County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dennison 55018 (50% sold over asking) and Goodhue 55027 (43% sold over asking) are even more competitive.
Run the numbers for 55089
Nearby markets
Cannon Falls 55009Buyer’s market $208 /sq ftDennison 55018Balanced $298 /sq ftFrontenac 55026Seller’s market $242 /sq ftGoodhue 55027Seller’s market $219 /sq ft Browse all markets →Towns like Welch nearby
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Questions about Welch real estate
Is Welch a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Welch, MN 55089 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 Welch?
The typical home went under contract in 35 days in the latest three months.
Do homes in Welch sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Welch?
About 1.05% of a home’s value a year in Goodhue County, or roughly $4,200 on a $400,000 home.
What is the median home price in Welch?
The median sale price was $537,767 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