Is Le Roy, MN 55951 a buyer’s or seller’s market?
Le Roy is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Le Roy housing market right now
In the three months ending August 31, 2026, 100% of homes in Le Roy, MN 55951 sold above their list price, the typical home went under contract in 10 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (22 days then) and the median sale price fell 27% to $174,924. Overall, Le Roy is more competitive than a year ago, so tougher for buyers.
Within Mower County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Sargeant 55973 (0% sold over asking) or Rose Creek 55970 (0% sold over asking).
Run the numbers for 55951
Nearby markets
Adams 55909Seller’s market $122 /sq ftAustin 55912Seller’s market $137 /sq ftBrownsdale 55918Seller’s market $104 /sq ftDexter 55926 — /sq ft Browse all markets →Towns like Le Roy nearby
Find towns like Le Roy in other states →Where Le Roy is
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Questions about Le Roy real estate
Is Le Roy a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Le Roy, MN 55951 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 Le Roy?
The typical home went under contract in 10 days in the latest three months.
Do homes in Le Roy sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 106.1% of the list price.
What are property taxes in Le Roy?
About 1.03% of a home’s value a year in Mower County, or roughly $4,120 on a $400,000 home.
What is the median home price in Le Roy?
The median sale price was $174,924 in the three months ending August 31, 2026, about $115 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