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Is Jasper, MN 56144 a buyer’s or seller’s market?

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

Jasper 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.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.5%Sold price ÷ list price
Median days on market77Listing to accepted offer
Median price per sq ft$166▲ +75.6% vs. last year

The Jasper housing market right now

In the three months ending August 31, 2026, 0% of homes in Jasper, MN 56144 sold above their list price, the typical home went under contract in 77 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 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 more slowly (52 days then) and the median sale price rose 145% to $257,389. Overall, Jasper is less competitive than a year ago, which gives buyers more room.

Nearby, Luverne 56156 (8% sold over asking) is even more competitive.

Run the numbers for 56144

Prefilled for 56144Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56144Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Beaver Creek 56116 — /sq ftHardwick 56134Seller’s market $128 /sq ftHills 56138 — /sq ftKenneth 56147 — /sq ft Browse all markets →

Towns like Jasper nearby

Find towns like Jasper in other states →
Balaton, MN56115 · 36 miles away64% similarpricier homes ($98K more) · older residents Adrian, MN56110 · 28 miles away62% similarpricier homes ($81K more) · newer homes Tyler, MN56178 · 32 miles away61% similarhigher income ($29K more) · pricier homes ($70K more) Fulda, MN56131 · 39 miles away61% similarpricier homes ($85K more) · larger

Where Jasper is

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Questions about Jasper real estate

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

A buyer’s market: there were 6.4 months of supply in Jasper, MN 56144 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 Jasper?

The typical home went under contract in 77 days in the latest three months.

Do homes in Jasper sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.

What are property taxes in Jasper?

About 0.71% of a home’s value a year in Rock County, or roughly $2,840 on a $400,000 home.

What is the median home price in Jasper?

The median sale price was $257,389 in the three months ending August 31, 2026, about $166 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