Is Slayton, MN 56172 a buyer’s or seller’s market?
Slayton is a seller’s market. With about 1.7 months of supply and 15% 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.
More competitive than 43% of U.S. ZIP codes, and #257 of 307 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Slayton housing market right now
In the three months ending August 31, 2026, 15% of homes in Slayton, MN 56172 sold above their list price, the typical home went under contract in 27 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (20 days then) and the median sale price rose 13% to $194,916. Overall, Slayton is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Lake Wilson 56151 (0% sold over asking) or Iona 56141 (0% sold over asking).
Run the numbers for 56172
Nearby markets
Avoca 56114 — /sq ftChandler 56122 — /sq ftCurrie 56123 — /sq ftFulda 56131Buyer’s market $99 /sq ft Browse all markets →Towns like Slayton nearby
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Questions about Slayton real estate
Is Slayton a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Slayton, MN 56172 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 Slayton?
The typical home went under contract in 27 days in the latest three months.
Do homes in Slayton sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Slayton?
About 0.79% of a home’s value a year in Murray County, or roughly $3,160 on a $400,000 home.
What is the median home price in Slayton?
The median sale price was $194,916 in the three months ending August 31, 2026, about $96 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