Is Preston, MN 55965 a buyer’s or seller’s market?

The Preston housing market right now

In the three months ending August 31, 2026, 11% of homes in Preston, MN 55965 sold above their list price, the typical home went under contract in 18 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 8%, homes sold faster (21 days then) and the median sale price rose 25% to $209,809. Overall, Preston is more competitive than a year ago, so tougher for buyers.

Within Fillmore County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 60%.

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) and Peterson 55962 (50% sold over asking) are even more competitive.