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Is Westbrook, MN 56183 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Westbrook is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.9Under 4 months = seller’s market
Sold above original list57.1%Share of sales, last 3 months
Median sale-to-list94.8%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$109▲ +32.2% vs. last year

The Westbrook housing market right now

In the three months ending August 31, 2026, 57% of homes in Westbrook, MN 56183 sold above their list price, the typical home went under contract in 22 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 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 faster (33 days then) and the median sale price rose 48% to $189,918. Overall, Westbrook is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Windom 56101 (26% sold over asking) or Mountain Lake 56159 (29% sold over asking).

Run the numbers for 56183

Prefilled for 56183Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56183Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bingham Lake 56118 — /sq ftJeffers 56145 — /sq ftMountain Lake 56159Balanced $96 /sq ftWindom 56101Balanced $117 /sq ft Browse all markets →

Towns like Westbrook nearby

Find towns like Westbrook in other states →
Springfield, MN56087 · 25 miles away78% similarlarger Wabasso, MN56293 · 25 miles away74% similarpricier homes ($32K more) · newer homes Heron Lake, MN56137 · 19 miles away71% similarhigher income ($26K more) · more homeowners Morton, MN56270 · 40 miles away69% similarcheaper homes ($34K less) · younger residents

Where Westbrook is

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Questions about Westbrook real estate

Is Westbrook a buyer’s or seller’s market?

A balanced market: there were 5.9 months of supply in Westbrook, MN 56183 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 Westbrook?

The typical home went under contract in 22 days in the latest three months.

Do homes in Westbrook sell over asking?

57% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.

What are property taxes in Westbrook?

About 1.05% of a home’s value a year in Cottonwood County, or roughly $4,200 on a $400,000 home.

What is the median home price in Westbrook?

The median sale price was $189,918 in the three months ending August 31, 2026, about $109 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