Is Virginia, MN 55792 a buyer’s or seller’s market?

The Virginia housing market right now

In the three months ending August 31, 2026, 21% of homes in Virginia, MN 55792 sold above their list price, the typical home went under contract in 39 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold faster (55 days then) and the median sale price fell 24% to $107,953. Overall, Virginia is about as competitive as it was a year ago.

Within St. Louis County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Virginia ranks #265 of 296 MN ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Soudan 55782 (0% sold over asking) or Orr 55771 (0% sold over asking), while Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.