Is Kellogg, MN 55945 a buyer’s or seller’s market?
Kellogg is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Kellogg housing market right now
In the three months ending August 31, 2026, 0% of homes in Kellogg, MN 55945 sold above their list price, the typical home went under contract in 41 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (8 days then) and the median sale price rose 66% to $463,799. Overall, Kellogg is less competitive than a year ago, which gives buyers more room.
Within Wabasha County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Zumbro Falls 55991 (43% sold over asking) and Plainview 55964 (33% sold over asking) are even more competitive.
Run the numbers for 55945
Nearby markets
Lake City 55041Balanced $221 /sq ftMazeppa 55956Balanced $188 /sq ftMillville 55957 $258 /sq ftPlainview 55964Seller’s market $172 /sq ft Browse all markets →Towns like Kellogg nearby
Find towns like Kellogg in other states →Where Kellogg is
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Questions about Kellogg real estate
Is Kellogg a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Kellogg, MN 55945 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 Kellogg?
The typical home went under contract in 41 days in the latest three months.
Do homes in Kellogg sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Kellogg?
About 1.05% of a home’s value a year in Wabasha County, or roughly $4,200 on a $400,000 home.
What is the median home price in Kellogg?
The median sale price was $463,799 in the three months ending August 31, 2026, about $176 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