Is Finland, MN 55603 a buyer’s or seller’s market?
Finland is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Finland housing market right now
In the three months ending August 31, 2026, 0% of homes in Finland, MN 55603 sold above their list price, the typical home went under contract in 39 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (128 days then) and the median sale price rose 51% to $239,896. Overall, Finland is more competitive than a year ago, so tougher for buyers.
Within Lake County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Isabella 55607 (50% sold over asking) and Two Harbors 55616 (17% sold over asking) are even more competitive.
Run the numbers for 55603
Nearby markets
Beaver Bay 55601 — /sq ftEly 55731Buyer’s market $274 /sq ftIsabella 55607Buyer’s market $172 /sq ftKnife River 55609 — /sq ft Browse all markets →Where Finland is
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Questions about Finland real estate
Is Finland a buyer’s or seller’s market?
A buyer’s market: there were 13.9 months of supply in Finland, MN 55603 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 Finland?
The typical home went under contract in 39 days in the latest three months.
Do homes in Finland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Finland?
About 0.73% of a home’s value a year in Lake County, or roughly $2,920 on a $400,000 home.
What is the median home price in Finland?
The median sale price was $239,896 in the three months ending August 31, 2026, about $333 per square foot.
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More tools for 55603
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology