OfferBackedBuyer Tools

Is Clara City, MN 56222 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Clara City is a seller’s market. With about 3.2 months of supply and 0% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.3%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$96▼ −25.4% vs. last year

The Clara City housing market right now

In the three months ending August 31, 2026, 0% of homes in Clara City, MN 56222 sold above their list price, the typical home went under contract in 15 days and there were 3.2 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 was about the same (0% then), homes sold faster (17 days then) and the median sale price fell 17% to $182,921. Overall, Clara City is about as competitive as it was a year ago.

Nearby, Montevideo 56265 (10% sold over asking) is even more competitive.

Run the numbers for 56222

Prefilled for 56222Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56222Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Maynard 56260 $58 /sq ftMilan 56262Buyer’s market $57 /sq ftMontevideo 56265Buyer’s market $115 /sq ft Browse all markets →

Towns like Clara City nearby

Find towns like Clara City in other states →
Renville, MN56284 · 15 miles away93% similarVery close on income, prices and more Raymond, MN56282 · 7 miles away91% similarpricier homes ($45K more) Dawson, MN56232 · 35 miles away90% similarVery close on income, prices and more Granite Falls, MN56241 · 15 miles away87% similarlarger · newer homes

Where Clara City is

Loading map…

Questions about Clara City real estate

Is Clara City a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Clara City, MN 56222 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 Clara City?

The typical home went under contract in 15 days in the latest three months.

Do homes in Clara City sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.

What are property taxes in Clara City?

About 1.10% of a home’s value a year in Chippewa County, or roughly $4,400 on a $400,000 home.

What is the median home price in Clara City?

The median sale price was $182,921 in the three months ending August 31, 2026, about $96 per square foot.

Local agents

See all agents in 56222 →

No sponsored agents in 56222 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 56222

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Chippewa County property taxesChippewa County loan limitsClosing costs in MinnesotaHottest ZIP codes in Minnesota
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology