Is Willmar, MN 56201 a buyer’s or seller’s market?
Willmar is a seller’s market. With about 3.7 months of supply and 19% 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.
More competitive than 46% of U.S. ZIP codes, and #243 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Willmar housing market right now
In the three months ending August 31, 2026, 19% of homes in Willmar, MN 56201 sold above their list price, the typical home went under contract in 29 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (23 days then) and the median sale price rose 5% to $262,886. Overall, Willmar is less competitive than a year ago, which gives buyers more room.
Within Kandiyohi County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Willmar ranks #243 of 296 MN ZIP codes with enough sales (score 46 out of 100).
Nearby, buyers who want less competition could look at Prinsburg 56281 (0% sold over asking) or Lake Lillian 56253 (0% sold over asking), while Sunburg 56289 (50% sold over asking) and Raymond 56282 (38% sold over asking) are even more competitive.
Run the numbers for 56201
Nearby markets
Atwater 56209Seller’s market $277 /sq ftBlomkest 56216Seller’s market $120 /sq ftKandiyohi 56251 $147 /sq ftLake Lillian 56253Buyer’s market $216 /sq ft Browse all markets →Towns like Willmar nearby
Find towns like Willmar in other states →Where Willmar is
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Questions about Willmar real estate
Is Willmar a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Willmar, MN 56201 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 Willmar?
The typical home went under contract in 29 days in the latest three months.
Do homes in Willmar sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Willmar?
About 1.02% of a home’s value a year in Kandiyohi County, or roughly $4,080 on a $400,000 home.
What is the median home price in Willmar?
The median sale price was $262,886 in the three months ending August 31, 2026, about $132 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