Is Zumbro Falls, MN 55991 a buyer’s or seller’s market?
Zumbro Falls is a seller’s market. With about 1.4 months of supply and 43% 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 Zumbro Falls housing market right now
In the three months ending August 31, 2026, 43% of homes in Zumbro Falls, MN 55991 sold above their list price, the typical home went under contract in 12 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 17%, homes sold faster (41 days then) and the median sale price fell 13% to $399,827. Overall, Zumbro Falls is more competitive than a year ago, so tougher for buyers.
Within Wabasha County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Millville 55957 (0% sold over asking) or Kellogg 55945 (0% sold over asking).
Run the numbers for 55991
Nearby markets
Kellogg 55945Buyer’s market $176 /sq ftLake City 55041Balanced $221 /sq ftMazeppa 55956Balanced $188 /sq ftMillville 55957 $258 /sq ft Browse all markets →Towns like Zumbro Falls nearby
Find towns like Zumbro Falls in other states →Where Zumbro Falls is
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Questions about Zumbro Falls real estate
Is Zumbro Falls a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Zumbro Falls, MN 55991 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 Zumbro Falls?
The typical home went under contract in 12 days in the latest three months.
Do homes in Zumbro Falls sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Zumbro Falls?
About 1.05% of a home’s value a year in Wabasha County, or roughly $4,200 on a $400,000 home.
What is the median home price in Zumbro Falls?
The median sale price was $399,827 in the three months ending August 31, 2026, about $270 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