Is Saint James, MN 56081 a buyer’s or seller’s market?
Saint James is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 21% of U.S. ZIP codes, and #283 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
The Saint James housing market right now
In the three months ending August 31, 2026, 12% of homes in Saint James, MN 56081 sold above their list price, the typical home went under contract in 78 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold more slowly (29 days then) and the median sale price rose 15% to $201,313. Overall, Saint James is less competitive than a year ago, which gives buyers more room.
On our competition score, Saint James ranks #283 of 296 MN ZIP codes with enough sales (score 26 out of 100).
Nearby, buyers who want less competition could look at Butterfield 56120 (0% sold over asking), while Lewisville 56060 (33% sold over asking) and Madelia 56062 (25% sold over asking) are even more competitive.
Run the numbers for 56081
Nearby markets
Butterfield 56120Buyer’s market $51 /sq ftLewisville 56060 $84 /sq ftMadelia 56062Seller’s market $142 /sq ft Browse all markets →Towns like Saint James nearby
Find towns like Saint James in other states →Where Saint James is
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Questions about Saint James real estate
Is Saint James a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Saint James, MN 56081 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 Saint James?
The typical home went under contract in 78 days in the latest three months.
Do homes in Saint James sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Saint James?
About 1.05% of a home’s value a year in Watonwan County, or roughly $4,200 on a $400,000 home.
What is the median home price in Saint James?
The median sale price was $201,313 in the three months ending August 31, 2026, about $106 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