Is Princeton, MN 55371 a buyer’s or seller’s market?

The Princeton housing market right now

In the three months ending August 31, 2026, 24% of homes in Princeton, MN 55371 sold above their list price, the typical home went under contract in 29 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold more slowly (22 days then) and the median sale price rose 3% to $397,278. Overall, Princeton is less competitive than a year ago, which gives buyers more room.

Within Mille Lacs County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Princeton ranks #190 of 296 MN ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Pease 56363 (0% sold over asking) or Onamia 56359 (13% sold over asking), while Foreston 56330 (75% sold over asking) and Milaca 56353 (28% sold over asking) are even more competitive.