Is Delavan, MN 56023 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Delavan is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Delavan housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Faribault County, MN

Population	559
Median income	$77,969
Average income	$98,642
Median home value	$150,000
Median rent	$986/month
Owner-occupied	91% of homes
Median year built	1946

Natural hazard riskWinter storms (very high), tornadoes (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56023; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56023

Prefilled for 56023Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56023Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Blue Earth 56013Seller’s market $103 /sq ft Bricelyn 56014Seller’s market $103 /sq ft Easton 56025 $129 /sq ft Elmore 56027Seller’s market $35 /sq ft Browse all markets →

Where Delavan is

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Questions about Delavan real estate

What are property taxes in Delavan?

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

Local agents

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More tools for 56023

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Faribault County property taxes Faribault County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology