Is Magnolia, MN 56158 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Magnolia is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Magnolia housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Rock County, MN

Population	322
Median income	$53,462
Average income	$72,930
Median home value	$125,000
Median rent	$715/month
Owner-occupied	80% of homes
Median year built	1960

Natural hazard riskWinter storms (very high), tornadoes (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56158; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56158

Prefilled for 56158Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56158Over-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 ft Hardwick 56134Seller’s market $128 /sq ft Hills 56138 — /sq ft Jasper 56144Buyer’s market $166 /sq ft Browse all markets →

Where Magnolia is

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Questions about Magnolia real estate

What are property taxes in Magnolia?

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

Local agents

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More tools for 56158

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Rock County property taxes Rock County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology