Is Donnelly, MN 56235 a buyer’s or seller’s market?
Donnelly is a seller’s market. With about 1.6 months of supply and 25% 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.
The Donnelly housing market right now
In the three months ending August 31, 2026, 25% of homes in Donnelly, MN 56235 sold above their list price, the typical home went under contract in 63 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 100%, homes sold more slowly (3 days then) and the median sale price fell 84% to $217,406. Overall, Donnelly is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Hancock 56244 (0% sold over asking), while Morris 56267 (36% sold over asking) is even more competitive.
Run the numbers for 56235
Nearby markets
Chokio 56221 — /sq ftHancock 56244 $112 /sq ftMorris 56267Seller’s market $133 /sq ft Browse all markets →Where Donnelly is
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Questions about Donnelly real estate
Is Donnelly a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Donnelly, MN 56235 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 Donnelly?
The typical home went under contract in 63 days in the latest three months.
Do homes in Donnelly sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Donnelly?
About 0.81% of a home’s value a year in Stevens County, or roughly $3,240 on a $400,000 home.
What is the median home price in Donnelly?
The median sale price was $217,406 in the three months ending August 31, 2026, about $96 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