Is Pengilly, MN 55775 a buyer’s or seller’s market?
Pengilly is a seller’s market. With about 3.2 months of supply and 29% 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 Pengilly housing market right now
In the three months ending August 31, 2026, 29% of homes in Pengilly, MN 55775 sold above their list price, the typical home went under contract in 53 days 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 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold more slowly (40 days then) and the median sale price rose 12% to $428,814. Overall, Pengilly is more competitive than a year ago, so tougher for buyers.
Within Itasca County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell more often over asking than in 59%.
Nearby, buyers who want less competition could look at Wirt 56688 (0% sold over asking) or Marcell 56657 (0% sold over asking), while Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 55775
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 →Towns like Pengilly nearby
Find towns like Pengilly in other states →Where Pengilly is
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Questions about Pengilly real estate
Is Pengilly a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Pengilly, MN 55775 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 Pengilly?
The typical home went under contract in 53 days in the latest three months.
Do homes in Pengilly sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Pengilly?
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 Pengilly?
The median sale price was $428,814 in the three months ending August 31, 2026, about $248 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