Is Wilmont, MN 56185 a buyer’s or seller’s market?
Wilmont is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Wilmont housing market right now
In the three months ending August 31, 2026, 0% of homes in Wilmont, MN 56185 sold above their list price and the typical home went under contract in 128 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (20 days then) and the median sale price rose 86% to $342,352. Overall, Wilmont is less competitive than a year ago, which gives buyers more room.
Within Nobles County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Reading 56165 (100% sold over asking) and Brewster 56119 (67% sold over asking) are even more competitive.
Run the numbers for 56185
Nearby markets
Adrian 56110Seller’s market $103 /sq ftBigelow 56117Seller’s market $119 /sq ftBrewster 56119Balanced $137 /sq ftEllsworth 56129Seller’s market $90 /sq ft Browse all markets →Where Wilmont is
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Questions about Wilmont real estate
How fast do homes sell in Wilmont?
The typical home went under contract in 128 days in the latest three months.
Do homes in Wilmont sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.4% of the list price.
What are property taxes in Wilmont?
About 0.99% of a home’s value a year in Nobles County, or roughly $3,960 on a $400,000 home.
What is the median home price in Wilmont?
The median sale price was $342,352 in the three months ending August 31, 2026, about $119 per square foot.
Local agents
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More tools for 56185
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology