Is Cleveland, MN 56017 a buyer’s or seller’s market?
Cleveland is a seller’s market. With about 1.2 months of supply and 23% 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 Cleveland housing market right now
In the three months ending August 31, 2026, 23% of homes in Cleveland, MN 56017 sold above their list price, the typical home went under contract in 28 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (10 days then) and the median sale price fell 8% to $400,227. Overall, Cleveland is less competitive than a year ago, which gives buyers more room.
Within Le Sueur County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 63%.
Nearby, buyers who want less competition could look at Kilkenny 56052 (0% sold over asking) or Kasota 56050 (0% sold over asking), while Le Sueur 56058 (32% sold over asking) and Waterville 56096 (29% sold over asking) are even more competitive.
Run the numbers for 56017
Nearby markets
Elysian 56028Balanced $253 /sq ftKasota 56050Buyer’s market $211 /sq ftKilkenny 56052Seller’s market $200 /sq ftLe Center 56057Seller’s market $161 /sq ft Browse all markets →Towns like Cleveland nearby
Find towns like Cleveland in other states →Where Cleveland is
Loading map…
Questions about Cleveland real estate
Is Cleveland a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Cleveland, MN 56017 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 Cleveland?
The typical home went under contract in 28 days in the latest three months.
Do homes in Cleveland sell over asking?
23% 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 Cleveland?
About 1.06% of a home’s value a year in Le Sueur County, or roughly $4,240 on a $400,000 home.
What is the median home price in Cleveland?
The median sale price was $400,227 in the three months ending August 31, 2026, about $211 per square foot.
Local agents
See all agents in 56017 →No sponsored agents in 56017 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 56017
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology