Is Revere, MN 56166 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Revere 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 Revere housing market right now

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

About the area

Redwood County, MN

Population	178
Median income	$75,875
Average income	$91,962
Median home value	$192,000
Owner-occupied	100% of homes
Median year built	1953

Natural hazard riskExtreme heat (relatively high), winter storms (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 56166; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56166

Prefilled for 56166Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56166Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belview 56214 — /sq ft Clements 56224 — /sq ft Lamberton 56152Seller’s market $90 /sq ft Lucan 56255 $139 /sq ft Browse all markets →

Where Revere is

Loading map…

Questions about Revere real estate

What are property taxes in Revere?

About 1.00% of a home’s value a year in Redwood County, or roughly $4,000 on a $400,000 home.

Local agents

See all agents in 56166 →

No sponsored agents in 56166 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 56166

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 Redwood County property taxes Redwood County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="56166"><a href="https://offerbacked.com/market/56166">Revere, MN 56166 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

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