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Is Clarkfield, MN 56223 a buyer’s or seller’s market?

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

Clarkfield is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$74▼ −8.4% vs. last year

The Clarkfield housing market right now

In the three months ending August 31, 2026, 0% of homes in Clarkfield, MN 56223 sold above their list price, the typical home went under contract in 35 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 fell from 67%, homes sold faster (52 days then) and the median sale price fell 23% to $82,164. Overall, Clarkfield is less competitive than a year ago, which gives buyers more room.

Nearby, Canby 56220 (25% sold over asking) and Granite Falls 56241 (8% sold over asking) are even more competitive.

Run the numbers for 56223

Prefilled for 56223Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56223Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Canby 56220Buyer’s market $80 /sq ftEcho 56237 — /sq ftGranite Falls 56241Seller’s market $113 /sq ftTaunton 56291 — /sq ft Browse all markets →

Towns like Clarkfield nearby

Find towns like Clarkfield in other states →
Clara City, MN56222 · 27 miles away82% similarpricier homes ($47K more) · 7 min shorter commute Ivanhoe, MN56142 · 30 miles away82% similarolder residents Canby, MN56220 · 22 miles away80% similarpricier homes ($65K more) · larger Tracy, MN56175 · 39 miles away80% similarpricier homes ($44K more) · larger

Where Clarkfield is

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Questions about Clarkfield real estate

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

A buyer’s market: there were 8 months of supply in Clarkfield, MN 56223 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 Clarkfield?

The typical home went under contract in 35 days in the latest three months.

Do homes in Clarkfield sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.

What are property taxes in Clarkfield?

About 1.04% of a home’s value a year in Yellow Medicine County, or roughly $4,160 on a $400,000 home.

What is the median home price in Clarkfield?

The median sale price was $82,164 in the three months ending August 31, 2026, about $74 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