Is Austin, MN 55912 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 34% of homes in Austin, MN 55912 sold above their list price, the typical home went under contract in 22 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 129 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (33% then), homes sold faster (27 days then) and the median sale price rose 2% to $209,809. Overall, Austin is about as competitive as it was a year ago.

Within Mower County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Austin ranks #148 of 296 MN ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Sargeant 55973 (0% sold over asking) or Rose Creek 55970 (0% sold over asking), while Le Roy 55951 (100% sold over asking) and Brownsdale 55918 (50% sold over asking) are even more competitive.