Is Litchfield, MN 55355 a buyer’s or seller’s market?
Litchfield is a seller’s market. With about 2.6 months of supply and 29% 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 68% of U.S. ZIP codes, and #173 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 Litchfield housing market right now
In the three months ending August 31, 2026, 29% of homes in Litchfield, MN 55355 sold above their list price, the typical home went under contract in 22 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 42 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (28% then), homes sold faster (29 days then) and the median sale price rose 24% to $274,881. Overall, Litchfield is more competitive than a year ago, so tougher for buyers.
Within Meeker County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Litchfield ranks #173 of 296 MN ZIP codes with enough sales (score 65 out of 100).
Nearby, buyers who want less competition could look at Cosmos 56228 (0% sold over asking) or Watkins 55389 (0% sold over asking).
Run the numbers for 55355
Nearby markets
Cosmos 56228 $398 /sq ftDarwin 55324Seller’s market $196 /sq ftDassel 55325Seller’s market $184 /sq ftEden Valley 55329Seller’s market $125 /sq ft Browse all markets →Towns like Litchfield nearby
Find towns like Litchfield in other states →Where Litchfield is
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Questions about Litchfield real estate
Is Litchfield a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Litchfield, MN 55355 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 Litchfield?
The typical home went under contract in 22 days in the latest three months.
Do homes in Litchfield sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Litchfield?
About 0.90% of a home’s value a year in Meeker County, or roughly $3,600 on a $400,000 home.
What is the median home price in Litchfield?
The median sale price was $274,881 in the three months ending August 31, 2026, about $159 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