Is Goodland, MN 55742 a buyer’s or seller’s market?
Goodland is a seller’s market. With about 3.2 months of supply and 0% 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 Goodland housing market right now
In the three months ending August 31, 2026, 0% of homes in Goodland, MN 55742 sold above their list price 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 1 sale, 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 100%, homes sold more slowly (7 days then) and the median sale price rose 6% to $244,894. Overall, Goodland is less competitive than a year ago, which gives buyers more room.
Within Itasca County, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 55742
Nearby markets
Bigfork 56628Balanced $189 /sq ftBovey 55709Seller’s market $168 /sq ftCalumet 55716Seller’s market $130 /sq ftCohasset 55721Seller’s market $221 /sq ft Browse all markets →Where Goodland is
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Questions about Goodland real estate
Is Goodland a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Goodland, MN 55742 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Goodland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.8% of the list price.
What are property taxes in Goodland?
About 0.86% of a home’s value a year in Itasca County, or roughly $3,440 on a $400,000 home.
What is the median home price in Goodland?
The median sale price was $244,894 in the three months ending August 31, 2026, about $133 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