Is Spring Valley, MN 55975 a buyer’s or seller’s market?
Spring Valley is a seller’s market. With about 1.7 months of supply and 27% 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 Spring Valley housing market right now
In the three months ending August 31, 2026, 27% of homes in Spring Valley, MN 55975 sold above their list price, the typical home went under contract in 14 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (32 days then) and the median sale price fell 8% to $221,904. Overall, Spring Valley is more competitive than a year ago, so tougher for buyers.
Within Fillmore County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more 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.
Run the numbers for 55975
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 Spring Valley nearby
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Questions about Spring Valley real estate
Is Spring Valley a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Spring Valley, MN 55975 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 Spring Valley?
The typical home went under contract in 14 days in the latest three months.
Do homes in Spring Valley sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Spring Valley?
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 Spring Valley?
The median sale price was $221,904 in the three months ending August 31, 2026, about $135 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