Is Kiester, MN 56051 a buyer’s or seller’s market?
Kiester is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Kiester housing market right now
In the three months ending August 31, 2026, 0% of homes in Kiester, MN 56051 sold above their list price, the typical home went under contract in 21 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (85 days then) and the median sale price rose 13% to $129,944. Overall, Kiester is more competitive than a year ago, so tougher for buyers.
Within Faribault County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Winnebago 56098 (67% sold over asking) and Blue Earth 56013 (13% sold over asking) are even more competitive.
Run the numbers for 56051
Nearby markets
Blue Earth 56013Seller’s market $103 /sq ftBricelyn 56014Seller’s market $103 /sq ftDelavan 56023 — /sq ftEaston 56025 $129 /sq ft Browse all markets →Where Kiester is
Loading map…
Questions about Kiester real estate
Is Kiester a buyer’s or seller’s market?
A buyer’s market: there were 8.5 months of supply in Kiester, MN 56051 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 Kiester?
The typical home went under contract in 21 days in the latest three months.
Do homes in Kiester sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.7% of the list price.
What are property taxes in Kiester?
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 Kiester?
The median sale price was $129,944 in the three months ending August 31, 2026, about $74 per square foot.
Local agents
See all agents in 56051 →No sponsored agents in 56051 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 56051
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology