Is Blue Earth, MN 56013 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Blue Earth is a seller’s market. With about 2.6 months of supply and 13% 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.

Competition score38/ 100

More competitive than 37% of U.S. ZIP codes, and #259 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

Months of supply2.6Under 4 months = seller’s market
Sold above original list12.5%Share of sales, last 3 months
Median sale-to-list96.7%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$103▲ +10.1% vs. last year

The Blue Earth housing market right now

In the three months ending August 31, 2026, 13% of homes in Blue Earth, MN 56013 sold above their list price, the typical home went under contract in 38 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (29 days then) and the median sale price rose 39% to $271,882. Overall, Blue Earth is less competitive than a year ago, which gives buyers more room.

Within Faribault County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Blue Earth ranks #259 of 296 MN ZIP codes with enough sales (score 38 out of 100).

Nearby, buyers who want less competition could look at Wells 56097 (0% sold over asking) or Kiester 56051 (0% sold over asking), while Winnebago 56098 (67% sold over asking) is even more competitive.

Nearby markets

Bricelyn 56014Seller’s market $103 /sq ftDelavan 56023 — /sq ftEaston 56025 $129 /sq ftElmore 56027Seller’s market $35 /sq ft Browse all markets →

Where Blue Earth is

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Questions about Blue Earth real estate

Is Blue Earth a buyer’s or seller’s market?

A seller’s market: there were 2.6 months of supply in Blue Earth, MN 56013 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 Blue Earth?

The typical home went under contract in 38 days in the latest three months.

Do homes in Blue Earth sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.

What are property taxes in Blue Earth?

About 0.99% of a home’s value a year in Faribault County, or roughly $3,960 on a $400,000 home.

What is the median home price in Blue Earth?

The median sale price was $271,882 in the three months ending August 31, 2026, about $103 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