Is Peterson, MN 55962 a buyer’s or seller’s market?

The Peterson housing market right now

In the three months ending August 31, 2026, 50% of homes in Peterson, MN 55962 sold above their list price, the typical home went under contract in 34 days and there were 8 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 fell from 100%, homes sold more slowly (20 days then) and the median sale price rose 77% to $554,760. Overall, Peterson is less competitive than a year ago, which gives buyers more room.

Within Fillmore County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 90%.

Nearby, buyers who want less competition could look at Mabel 55954 (0% sold over asking) or Lanesboro 55949 (0% sold over asking), while Fountain 55935 (60% sold over asking) is even more competitive.