Is Round Lake, MN 56167 a buyer’s or seller’s market?
Round Lake is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Round Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Round Lake, MN 56167 sold above their list price, the typical home went under contract in 21 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 100%, homes sold faster (71 days then) and the median sale price rose 131% to $198,914. Overall, Round Lake is less competitive than a year ago, which gives buyers more room.
Within Jackson County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 56167
Nearby markets
Alpha 56111 $140 /sq ftHeron Lake 56137Buyer’s market $141 /sq ftJackson 56143Buyer’s market $67 /sq ftLakefield 56150Seller’s market $98 /sq ft Browse all markets →Where Round Lake is
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Questions about Round Lake real estate
Is Round Lake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Round Lake, MN 56167 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 Round Lake?
The typical home went under contract in 21 days in the latest three months.
Do homes in Round Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Round Lake?
About 0.93% of a home’s value a year in Jackson County, or roughly $3,720 on a $400,000 home.
What is the median home price in Round Lake?
The median sale price was $198,914 in the three months ending August 31, 2026, about $154 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