Is Soudan, MN 55782 a buyer’s or seller’s market?
Soudan is a seller’s market. With about 1.6 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 Soudan housing market right now
In the three months ending August 31, 2026, 0% of homes in Soudan, MN 55782 sold above their list price, the typical home went under contract in 46 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 (65 days then) and the median sale price fell 34% to $124,446. Overall, Soudan is more competitive than a year ago, so tougher for buyers.
Within St. Louis County, homes here sell more slowly than in 78% 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 55782
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 →Where Soudan is
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Questions about Soudan real estate
Is Soudan a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Soudan, MN 55782 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 Soudan?
The typical home went under contract in 46 days in the latest three months.
Do homes in Soudan sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.9% of the list price.
What are property taxes in Soudan?
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 Soudan?
The median sale price was $124,446 in the three months ending August 31, 2026, about $158 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