Is Gilbert, MN 55741 a buyer’s or seller’s market?
Gilbert is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 22% of U.S. ZIP codes, and #295 of 307 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 July 31, 2026. See the breakdown
The Gilbert housing market right now
In the three months ending August 31, 2026, 0% of homes in Gilbert, MN 55741 sold above their list price, the typical home went under contract in 66 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (51 days then) and the median sale price held steady to $155,633. Overall, Gilbert is less competitive than a year ago, which gives buyers more room.
Within St. Louis County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.
Run the numbers for 55741
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →Towns like Gilbert nearby
Find towns like Gilbert in other states →Where Gilbert is
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Questions about Gilbert real estate
Is Gilbert a buyer’s or seller’s market?
A buyer’s market: there were 6.1 months of supply in Gilbert, MN 55741 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 Gilbert?
The typical home went under contract in 66 days in the latest three months.
Do homes in Gilbert sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Gilbert?
About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.
What is the median home price in Gilbert?
The median sale price was $155,633 in the three months ending August 31, 2026, about $155 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