Is Dunnell, MN 56127 a buyer’s or seller’s market?
Dunnell is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Dunnell housing market right now
In the three months ending August 31, 2026, 0% of homes in Dunnell, MN 56127 sold above their list price, the typical home went under contract in 76 days and there were 4.8 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 2 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 (100 days then) and the median sale price rose 333% to $263,886. Overall, Dunnell is more competitive than a year ago, so tougher for buyers.
Within Martin County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Ceylon 56121 (33% sold over asking) and Sherburn 56171 (25% sold over asking) are even more competitive.
Run the numbers for 56127
Nearby markets
Ceylon 56121Balanced $49 /sq ftFairmont 56031Seller’s market $111 /sq ftGranada 56039Seller’s market $140 /sq ftOdin 56160Seller’s market $101 /sq ft Browse all markets →Where Dunnell is
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Questions about Dunnell real estate
Is Dunnell a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Dunnell, MN 56127 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 Dunnell?
The typical home went under contract in 76 days in the latest three months.
Do homes in Dunnell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.
What are property taxes in Dunnell?
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 Dunnell?
The median sale price was $263,886 in the three months ending August 31, 2026, about $91 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