Is Ellsworth, MN 56129 a buyer’s or seller’s market?
Ellsworth is a seller’s market. With about 3.2 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Ellsworth housing market right now
In the three months ending August 31, 2026, 50% of homes in Ellsworth, MN 56129 sold above their list price, the typical home went under contract in 52 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 rose from 0%, homes sold more slowly (38 days then) and the median sale price rose 69% to $169,926. Overall, Ellsworth is more competitive than a year ago, so tougher for buyers.
Within Nobles County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Wilmont 56185 (0% sold over asking) or Bigelow 56117 (0% sold over asking), while Reading 56165 (100% sold over asking) and Brewster 56119 (67% sold over asking) are even more competitive.
Run the numbers for 56129
Nearby markets
Adrian 56110Seller’s market $103 /sq ftBigelow 56117Seller’s market $119 /sq ftBrewster 56119Balanced $137 /sq ftLeota 56153 — /sq ft Browse all markets →Where Ellsworth is
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Questions about Ellsworth real estate
Is Ellsworth a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Ellsworth, MN 56129 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 Ellsworth?
The typical home went under contract in 52 days in the latest three months.
Do homes in Ellsworth sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Ellsworth?
About 0.99% of a home’s value a year in Nobles County, or roughly $3,960 on a $400,000 home.
What is the median home price in Ellsworth?
The median sale price was $169,926 in the three months ending August 31, 2026, about $90 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