Is Walnut Grove, MN 56180 a buyer’s or seller’s market?
Walnut Grove is a seller’s market. With about 1.9 months of supply and 40% 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 Walnut Grove housing market right now
In the three months ending August 31, 2026, 40% of homes in Walnut Grove, MN 56180 sold above their list price, the typical home went under contract in 80 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 25%, homes sold faster (135 days then) and the median sale price rose 28% to $103,955. Overall, Walnut Grove is more competitive than a year ago, so tougher for buyers.
Within Redwood County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 63%.
Nearby, buyers who want less competition could look at Wabasso 56293 (0% sold over asking) or Morgan 56266 (0% sold over asking), while Lamberton 56152 (67% sold over asking) and Milroy 56263 (50% sold over asking) are even more competitive.
Run the numbers for 56180
Nearby markets
Belview 56214 — /sq ftClements 56224 — /sq ftLamberton 56152Seller’s market $90 /sq ftLucan 56255 $139 /sq ft Browse all markets →Towns like Walnut Grove nearby
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Questions about Walnut Grove real estate
Is Walnut Grove a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Walnut Grove, MN 56180 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 Walnut Grove?
The typical home went under contract in 80 days in the latest three months.
Do homes in Walnut Grove sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Walnut Grove?
About 1.00% of a home’s value a year in Redwood County, or roughly $4,000 on a $400,000 home.
What is the median home price in Walnut Grove?
The median sale price was $103,955 in the three months ending August 31, 2026, about $47 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