Is Caledonia, MN 55921 a buyer’s or seller’s market?
Caledonia is a seller’s market. With about 3.5 months of supply and 20% 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 Caledonia housing market right now
In the three months ending August 31, 2026, 20% of homes in Caledonia, MN 55921 sold above their list price, the typical home went under contract in 37 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (25 days then) and the median sale price rose 24% to $266,635. Overall, Caledonia is more competitive than a year ago, so tougher for buyers.
Within Houston County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Spring Grove 55974 (0% sold over asking) or Houston 55943 (0% sold over asking), while Hokah 55941 (50% sold over asking) and La Crescent 55947 (39% sold over asking) are even more competitive.
Run the numbers for 55921
Nearby markets
Brownsville 55919Seller’s market $260 /sq ftEitzen 55931 $73 /sq ftHokah 55941Balanced $253 /sq ftHouston 55943Seller’s market $209 /sq ft Browse all markets →Towns like Caledonia nearby
Find towns like Caledonia in other states →Where Caledonia is
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Questions about Caledonia real estate
Is Caledonia a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Caledonia, MN 55921 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 Caledonia?
The typical home went under contract in 37 days in the latest three months.
Do homes in Caledonia sell over asking?
20% 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 Caledonia?
About 1.15% of a home’s value a year in Houston County, or roughly $4,600 on a $400,000 home.
What is the median home price in Caledonia?
The median sale price was $266,635 in the three months ending August 31, 2026, about $132 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