Is Tracy, MN 56175 a buyer’s or seller’s market?

The Tracy housing market right now

In the three months ending August 31, 2026, 13% of homes in Tracy, MN 56175 sold above their list price, the typical home went under contract in 57 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 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 0%, homes sold more slowly (17 days then) and the median sale price fell 1% to $158,881. Overall, Tracy is about as competitive as it was a year ago.

Within Lyon County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 83%.

Nearby, buyers who want less competition could look at Ghent 56239 (0% sold over asking), while Balaton 56115 (50% sold over asking) and Garvin 56132 (50% sold over asking) are even more competitive.