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Is Fulda, MN 56131 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Fulda is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.3%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$99▼ −15.1% vs. last year

The Fulda housing market right now

In the three months ending August 31, 2026, 0% of homes in Fulda, MN 56131 sold above their list price, the typical home went under contract in 32 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 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 33%, homes sold faster (58 days then) and the median sale price fell 18% to $211,908. Overall, Fulda is less competitive than a year ago, which gives buyers more room.

Nearby, Slayton 56172 (15% sold over asking) is even more competitive.

Run the numbers for 56131

Prefilled for 56131Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56131Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Avoca 56114 — /sq ftChandler 56122 — /sq ftCurrie 56123 — /sq ftIona 56141Buyer’s market — /sq ft Browse all markets →

Towns like Fulda nearby

Find towns like Fulda in other states →
Tracy, MN56175 · 25 miles away95% similarcheaper homes ($26K less) Lakefield, MN56150 · 26 miles away94% similarcheaper homes ($34K less) Tyler, MN56178 · 38 miles away93% similarVery close on income, prices and more Adrian, MN56110 · 24 miles away92% similaryounger residents

Where Fulda is

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Questions about Fulda real estate

Is Fulda a buyer’s or seller’s market?

A buyer’s market: there were 8.3 months of supply in Fulda, MN 56131 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 Fulda?

The typical home went under contract in 32 days in the latest three months.

Do homes in Fulda sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.

What are property taxes in Fulda?

About 0.79% of a home’s value a year in Murray County, or roughly $3,160 on a $400,000 home.

What is the median home price in Fulda?

The median sale price was $211,908 in the three months ending August 31, 2026, about $99 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