Is Garvin, MN 56132 a buyer’s or seller’s market?
Garvin is a buyer’s market. With about 17.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Garvin housing market right now
In the three months ending August 31, 2026, 50% of homes in Garvin, MN 56132 sold above their list price, the typical home went under contract in 20 days and there were 17.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 rose from 33%, homes sold more slowly (7 days then) and the median sale price rose 12% to $347,350. Overall, Garvin is more competitive than a year ago, so tougher for buyers.
Within Lyon County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Ghent 56239 (0% sold over asking) or Tracy 56175 (13% sold over asking).
Run the numbers for 56132
Nearby markets
Balaton 56115Seller’s market $106 /sq ftCottonwood 56229Seller’s market $103 /sq ftGhent 56239Seller’s market $160 /sq ftLynd 56157 — /sq ft Browse all markets →Where Garvin is
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Questions about Garvin real estate
Is Garvin a buyer’s or seller’s market?
A buyer’s market: there were 17.6 months of supply in Garvin, MN 56132 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 Garvin?
The typical home went under contract in 20 days in the latest three months.
Do homes in Garvin sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Garvin?
About 1.06% of a home’s value a year in Lyon County, or roughly $4,240 on a $400,000 home.
What is the median home price in Garvin?
The median sale price was $347,350 in the three months ending August 31, 2026, about $188 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