Is Belle Plaine, MN 56011 a buyer’s or seller’s market?
Belle Plaine is a seller’s market. With about 2.7 months of supply and 33% 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.
More competitive than 74% of U.S. ZIP codes, and #133 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Belle Plaine housing market right now
In the three months ending August 31, 2026, 33% of homes in Belle Plaine, MN 56011 sold above their list price, the typical home went under contract in 20 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold faster (31 days then) and the median sale price held steady to $344,851. Overall, Belle Plaine is about as competitive as it was a year ago.
Within Scott County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Belle Plaine ranks #133 of 296 MN ZIP codes with enough sales (score 70 out of 100).
Nearby, buyers who want less competition could look at Elko New Market 55020 (10% sold over asking) or Jordan 55352 (14% sold over asking).
Run the numbers for 56011
Nearby markets
Elko New Market 55020Balanced $211 /sq ftElko New Market 55054Seller’s market $196 /sq ftJordan 55352Seller’s market $200 /sq ftPrior Lake 55372Seller’s market $206 /sq ft Browse all markets →Towns like Belle Plaine nearby
Find towns like Belle Plaine in other states →Where Belle Plaine is
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Questions about Belle Plaine real estate
Is Belle Plaine a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Belle Plaine, MN 56011 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 Belle Plaine?
The typical home went under contract in 20 days in the latest three months.
Do homes in Belle Plaine sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Belle Plaine?
About 1.01% of a home’s value a year in Scott County, or roughly $4,040 on a $400,000 home.
What is the median home price in Belle Plaine?
The median sale price was $344,851 in the three months ending August 31, 2026, about $175 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