Is Ivanhoe, MN 56142 a buyer’s or seller’s market?
Ivanhoe is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Ivanhoe housing market right now
In the three months ending August 31, 2026, 0% of homes in Ivanhoe, MN 56142 sold above their list price, the typical home went under contract in 68 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (12 days then) and the median sale price rose 18% to $157,932. Overall, Ivanhoe is less competitive than a year ago, which gives buyers more room.
Within Lincoln County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Tyler 56178 (33% sold over asking) is even more competitive.
Run the numbers for 56142
Nearby markets
Arco 56113 — /sq ftHendricks 56136Balanced $133 /sq ftLake Benton 56149Seller’s market $94 /sq ftPorter 56280 $83 /sq ft Browse all markets →Towns like Ivanhoe nearby
Find towns like Ivanhoe in other states →Where Ivanhoe is
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Questions about Ivanhoe real estate
Is Ivanhoe a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Ivanhoe, MN 56142 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 Ivanhoe?
The typical home went under contract in 68 days in the latest three months.
Do homes in Ivanhoe sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Ivanhoe?
About 0.96% of a home’s value a year in Lincoln County, or roughly $3,840 on a $400,000 home.
What is the median home price in Ivanhoe?
The median sale price was $157,932 in the three months ending August 31, 2026, about $63 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