Is Mabel, MN 55954 a buyer’s or seller’s market?
Mabel is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mabel housing market right now
In the three months ending August 31, 2026, 0% of homes in Mabel, MN 55954 sold above their list price, the typical home went under contract in 13 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 25%, homes sold faster (16 days then) and the median sale price fell 1% to $224,903. Overall, Mabel is less competitive than a year ago, which gives buyers more room.
Within Fillmore County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Fountain 55935 (60% sold over asking) and Peterson 55962 (50% sold over asking) are even more competitive.
Run the numbers for 55954
Nearby markets
Canton 55922Seller’s market $269 /sq ftChatfield 55923Buyer’s market $147 /sq ftFountain 55935Seller’s market $153 /sq ftHarmony 55939Seller’s market $120 /sq ft Browse all markets →Towns like Mabel nearby
Find towns like Mabel in other states →Where Mabel is
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Questions about Mabel real estate
Is Mabel a buyer’s or seller’s market?
A buyer’s market: there were 7.5 months of supply in Mabel, MN 55954 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 Mabel?
The typical home went under contract in 13 days in the latest three months.
Do homes in Mabel sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Mabel?
About 0.94% of a home’s value a year in Fillmore County, or roughly $3,760 on a $400,000 home.
What is the median home price in Mabel?
The median sale price was $224,903 in the three months ending August 31, 2026, about $155 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