Is Watkins, MN 55389 a buyer’s or seller’s market?
Watkins is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Watkins housing market right now
In the three months ending August 31, 2026, 0% of homes in Watkins, MN 55389 sold above their list price, the typical home went under contract in 23 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 fell from 36%, homes sold more slowly (14 days then) and the median sale price rose 169% to $644,721. Overall, Watkins is less competitive than a year ago, which gives buyers more room.
Within Meeker County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Litchfield 55355 (29% sold over asking) and Darwin 55324 (22% sold over asking) are even more competitive.
Run the numbers for 55389
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 Watkins nearby
Find towns like Watkins in other states →Where Watkins is
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Questions about Watkins real estate
Is Watkins a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Watkins, MN 55389 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 Watkins?
The typical home went under contract in 23 days in the latest three months.
Do homes in Watkins sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Watkins?
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 Watkins?
The median sale price was $644,721 in the three months ending August 31, 2026, about $251 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