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Is Hokah, MN 55941 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hokah is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list102.8%Sold price ÷ list price
Median days on market13Listing to accepted offer
Median price per sq ft$253

The Hokah housing market right now

In the three months ending August 31, 2026, 50% of homes in Hokah, MN 55941 sold above their list price, the typical home went under contract in 13 days and there were 4.8 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. With only 2 sales, these figures can swing a lot from month to month.

Within Houston County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Spring Grove 55974 (0% sold over asking) or Houston 55943 (0% sold over asking).

Run the numbers for 55941

Prefilled for 55941Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55941Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brownsville 55919Seller’s market $260 /sq ftCaledonia 55921Seller’s market $132 /sq ftEitzen 55931 $73 /sq ftHouston 55943Seller’s market $209 /sq ft Browse all markets →

Towns like Hokah nearby

Find towns like Hokah in other states →
Blair, WI54616 · 38 miles away83% similarcheaper homes ($39K less) · larger Utica, MN55979 · 33 miles away81% similarpricier homes ($60K more) · younger residents Rockland, WI54653 · 24 miles away80% similarpricier homes ($45K more) · more homeowners Preston, MN55965 · 38 miles away80% similarlarger · older residents

Where Hokah is

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Questions about Hokah real estate

Is Hokah a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Hokah, MN 55941 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 Hokah?

The typical home went under contract in 13 days in the latest three months.

Do homes in Hokah sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.

What are property taxes in Hokah?

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 Hokah?

The median sale price was $819,645 in the three months ending August 31, 2026, about $253 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