Is Dover, MN 55929 a buyer’s or seller’s market?
Dover is a seller’s market. With about 1.1 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 Dover housing market right now
In the three months ending August 31, 2026, 0% of homes in Dover, MN 55929 sold above their list price, the typical home went under contract in 69 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (7 days then) and the median sale price rose 10% to $364,692. Overall, Dover is less competitive than a year ago, which gives buyers more room.
Within Olmsted County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Oronoco 55960 (43% sold over asking) and Stewartville 55976 (38% sold over asking) are even more competitive.
Run the numbers for 55929
Nearby markets
Byron 55920Seller’s market $193 /sq ftElgin 55932Seller’s market $120 /sq ftEyota 55934Buyer’s market $163 /sq ftOronoco 55960Buyer’s market $214 /sq ft Browse all markets →Towns like Dover nearby
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Questions about Dover real estate
Is Dover a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Dover, MN 55929 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 Dover?
The typical home went under contract in 69 days in the latest three months.
Do homes in Dover sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Dover?
About 1.06% of a home’s value a year in Olmsted County, or roughly $4,240 on a $400,000 home.
What is the median home price in Dover?
The median sale price was $364,692 in the three months ending August 31, 2026, about $166 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