Is Delano, MN 55328 a buyer’s or seller’s market?
Delano is a seller’s market. With about 3.1 months of supply and 22% 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.
More competitive than 61% of U.S. ZIP codes, and #205 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Delano housing market right now
In the three months ending August 31, 2026, 22% of homes in Delano, MN 55328 sold above their list price, the typical home went under contract in 27 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 52 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (48 days then) and the median sale price fell 4% to $434,812. Overall, Delano is more competitive than a year ago, so tougher for buyers.
Within Wright County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Delano ranks #205 of 296 MN ZIP codes with enough sales (score 59 out of 100).
Nearby, Cokato 55321 (47% sold over asking) and Waverly 55390 (38% sold over asking) are even more competitive.
Run the numbers for 55328
Nearby markets
Albertville 55301Seller’s market $185 /sq ftAnnandale 55302Seller’s market $230 /sq ftBuffalo 55313Seller’s market $185 /sq ftCokato 55321Balanced $164 /sq ft Browse all markets →Towns like Delano nearby
Find towns like Delano in other states →Where Delano is
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Questions about Delano real estate
Is Delano a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Delano, MN 55328 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 Delano?
The typical home went under contract in 27 days in the latest three months.
Do homes in Delano sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Delano?
About 0.98% of a home’s value a year in Wright County, or roughly $3,920 on a $400,000 home.
What is the median home price in Delano?
The median sale price was $434,812 in the three months ending August 31, 2026, about $197 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