Is Lyle, MN 55953 a buyer’s or seller’s market?
Lyle is a seller’s market. With about 0.8 months of supply and 50% 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 Lyle housing market right now
In the three months ending August 31, 2026, 50% of homes in Lyle, MN 55953 sold above their list price, the typical home went under contract in 15 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, 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 (30 days then) and the median sale price fell 41% to $150,385. Overall, Lyle is more competitive than a year ago, so tougher for buyers.
Within Mower County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 78%.
Nearby, buyers who want less competition could look at Sargeant 55973 (0% sold over asking) or Rose Creek 55970 (0% sold over asking), while Le Roy 55951 (100% sold over asking) is even more competitive.
Run the numbers for 55953
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 →Where Lyle is
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Questions about Lyle real estate
Is Lyle a buyer’s or seller’s market?
A seller’s market: there were 0.8 months of supply in Lyle, MN 55953 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 Lyle?
The typical home went under contract in 15 days in the latest three months.
Do homes in Lyle sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Lyle?
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 Lyle?
The median sale price was $150,385 in the three months ending August 31, 2026, about $128 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