Is Ceylon, MN 56121 a buyer’s or seller’s market?
Ceylon is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Ceylon housing market right now
In the three months ending August 31, 2026, 33% of homes in Ceylon, MN 56121 sold above their list price, the typical home went under contract in 2 days and there were 4.3 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. 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 fell from 67%, homes sold faster (105 days then) and the median sale price fell 46% to $126,945. Overall, Ceylon is about as competitive as it was a year ago.
Within Martin 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 Trimont 56176 (0% sold over asking) or Ormsby 56162 (0% sold over asking).
Run the numbers for 56121
Nearby markets
Dunnell 56127Balanced $91 /sq ftFairmont 56031Seller’s market $111 /sq ftGranada 56039Seller’s market $140 /sq ftOdin 56160Seller’s market $101 /sq ft Browse all markets →Where Ceylon is
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Questions about Ceylon real estate
Is Ceylon a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Ceylon, MN 56121 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 Ceylon?
The typical home went under contract in 2 days in the latest three months.
Do homes in Ceylon sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Ceylon?
About 1.02% of a home’s value a year in Martin County, or roughly $4,080 on a $400,000 home.
What is the median home price in Ceylon?
The median sale price was $126,945 in the three months ending August 31, 2026, about $49 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