Is Plato, MN 55370 a buyer’s or seller’s market?
Plato is a seller’s market. With about 3.2 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 Plato housing market right now
In the three months ending August 31, 2026, 100% of homes in Plato, MN 55370 sold above their list price, the typical home went under contract in 10 days and there were 3.2 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 0%, homes sold about as fast and the median sale price rose 10% to $369,840. Overall, Plato is more competitive than a year ago, so tougher for buyers.
Within McLeod 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 Stewart 55385 (20% sold over asking) or Silver Lake 55381 (20% sold over asking).
Run the numbers for 55370
Nearby markets
Brownton 55312Buyer’s market $137 /sq ftGlencoe 55336Seller’s market $166 /sq ftHutchinson 55350Seller’s market $159 /sq ftLester Prairie 55354Seller’s market $143 /sq ft Browse all markets →Where Plato is
Loading map…
Questions about Plato real estate
Is Plato a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Plato, MN 55370 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 Plato?
The typical home went under contract in 10 days in the latest three months.
Do homes in Plato sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 103.4% of the list price.
What are property taxes in Plato?
About 1.15% of a home’s value a year in McLeod County, or roughly $4,600 on a $400,000 home.
What is the median home price in Plato?
The median sale price was $369,840 in the three months ending August 31, 2026, about $163 per square foot.
Local agents
See all agents in 55370 →No sponsored agents in 55370 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 55370
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology