Is Tyler, MN 56178 a buyer’s or seller’s market?
Tyler is a seller’s market. With about 2.7 months of supply and 33% 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 Tyler housing market right now
In the three months ending August 31, 2026, 33% of homes in Tyler, MN 56178 sold above their list price, the typical home went under contract in 34 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 20%, homes sold faster (267 days then) and the median sale price fell 6% to $252,391. Overall, Tyler is more competitive than a year ago, so tougher for buyers.
Within Lincoln County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Porter 56280 (0% sold over asking) or Lake Benton 56149 (0% sold over asking).
Run the numbers for 56178
Nearby markets
Arco 56113 — /sq ftHendricks 56136Balanced $133 /sq ftIvanhoe 56142Buyer’s market $63 /sq ftLake Benton 56149Seller’s market $94 /sq ft Browse all markets →Towns like Tyler nearby
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Questions about Tyler real estate
Is Tyler a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Tyler, MN 56178 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 Tyler?
The typical home went under contract in 34 days in the latest three months.
Do homes in Tyler sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Tyler?
About 0.96% of a home’s value a year in Lincoln County, or roughly $3,840 on a $400,000 home.
What is the median home price in Tyler?
The median sale price was $252,391 in the three months ending August 31, 2026, about $125 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