Is Sherburn, MN 56171 a buyer’s or seller’s market?

The Sherburn housing market right now

In the three months ending August 31, 2026, 25% of homes in Sherburn, MN 56171 sold above their list price, the typical home went under contract in 7 days and there were 7.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (70 days then) and the median sale price fell 22% to $197,165. Overall, Sherburn is more competitive than a year ago, so tougher for buyers.

Within Martin County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 78%.

Nearby, buyers who want less competition could look at Trimont 56176 (0% sold over asking) or Ormsby 56162 (0% sold over asking), while Ceylon 56121 (33% sold over asking) is even more competitive.