Is Clarks Grove, MN 56016 a buyer’s or seller’s market?

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

Clarks Grove is a seller’s market. With about 1.6 months of supply and 25% 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market85Listing to accepted offer
Median price per sq ft$121▲ +21.9% vs. last year

The Clarks Grove housing market right now

In the three months ending August 31, 2026, 25% of homes in Clarks Grove, MN 56016 sold above their list price, the typical home went under contract in 85 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 0%, homes sold more slowly (38 days then) and the median sale price fell 16% to $217,906. Overall, Clarks Grove is more competitive than a year ago, so tougher for buyers.

Within Freeborn County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 71%.

Nearby, buyers who want less competition could look at Hollandale 56045 (0% sold over asking) or Hartland 56042 (0% sold over asking), while Glenville 56036 (50% sold over asking) and Hayward 56043 (50% sold over asking) are even more competitive.

Nearby markets

Albert Lea 56007Seller’s market $131 /sq ftAlden 56009Balanced $108 /sq ftEmmons 56029Balanced $145 /sq ftFreeborn 56032 — /sq ft Browse all markets →

Where Clarks Grove is

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Questions about Clarks Grove real estate

Is Clarks Grove a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Clarks Grove, MN 56016 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 Clarks Grove?

The typical home went under contract in 85 days in the latest three months.

Do homes in Clarks Grove sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in Clarks Grove?

About 1.11% of a home’s value a year in Freeborn County, or roughly $4,440 on a $400,000 home.

What is the median home price in Clarks Grove?

The median sale price was $217,906 in the three months ending August 31, 2026, about $121 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