Is Blooming Prairie, MN 55917 a buyer’s or seller’s market?
Blooming Prairie is a seller’s market. With about 1.7 months of supply and 55% 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 Blooming Prairie housing market right now
In the three months ending August 31, 2026, 55% of homes in Blooming Prairie, MN 55917 sold above their list price, the typical home went under contract in 13 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (24 days then) and the median sale price fell 7% to $229,901. Overall, Blooming Prairie is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Ellendale 56026 (0% sold over asking) or Owatonna 55060 (34% sold over asking), while Medford 55049 (63% sold over asking) is even more competitive.
Run the numbers for 55917
Nearby markets
Ellendale 56026Balanced $181 /sq ftMedford 55049Seller’s market $166 /sq ftOwatonna 55060Seller’s market $159 /sq ft Browse all markets →Towns like Blooming Prairie nearby
Find towns like Blooming Prairie in other states →Where Blooming Prairie is
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Questions about Blooming Prairie real estate
Is Blooming Prairie a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Blooming Prairie, MN 55917 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 Blooming Prairie?
The typical home went under contract in 13 days in the latest three months.
Do homes in Blooming Prairie sell over asking?
55% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Blooming Prairie?
About 1.21% of a home’s value a year in Steele County, or roughly $4,840 on a $400,000 home.
What is the median home price in Blooming Prairie?
The median sale price was $229,901 in the three months ending August 31, 2026, about $180 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