Is Cologne, MN 55322 a buyer’s or seller’s market?

The Cologne housing market right now

In the three months ending August 31, 2026, 44% of homes in Cologne, MN 55322 sold above their list price, the typical home went under contract in 21 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (28 days then) and the median sale price rose 1% to $431,313. Overall, Cologne is more competitive than a year ago, so tougher for buyers.

Within Carver County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Cologne ranks #113 of 296 MN ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at New Germany 55367 (0% sold over asking) or Young America 55397 (22% sold over asking), while Mayer 55360 (56% sold over asking) and Norwood Young America 55368 (56% sold over asking) are even more competitive.