Is Winnebago, MN 56098 a buyer’s or seller’s market?
Winnebago is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Winnebago housing market right now
In the three months ending August 31, 2026, 67% of homes in Winnebago, MN 56098 sold above their list price, the typical home went under contract in 12 days and there were 9.6 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 rose from 56%, homes sold faster (30 days then) and the median sale price rose 11% to $209,909. Overall, Winnebago is more competitive than a year ago, so tougher for buyers.
Within Faribault County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Wells 56097 (0% sold over asking) or Kiester 56051 (0% sold over asking).
Run the numbers for 56098
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 →Towns like Winnebago nearby
Find towns like Winnebago in other states →Where Winnebago is
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Questions about Winnebago real estate
Is Winnebago a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Winnebago, MN 56098 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 Winnebago?
The typical home went under contract in 12 days in the latest three months.
Do homes in Winnebago sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 104.6% of the list price.
What are property taxes in Winnebago?
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 Winnebago?
The median sale price was $209,909 in the three months ending August 31, 2026, about $103 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