Is Echo, MN 56237 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Echo 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.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Echo housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Yellow Medicine County, MN

Population	553
Median income	$89,000
Average income	$101,689
Median home value	$171,400
Median rent	$611/month
Owner-occupied	90% of homes
Median year built	1943

Natural hazard riskExtreme heat (very high), winter storms (very high), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56237; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56237

Prefilled for 56237Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56237Over-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 ft Clarkfield 56223Buyer’s market $74 /sq ft Granite Falls 56241Seller’s market $113 /sq ft Taunton 56291 — /sq ft Browse all markets →

Where Echo is

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Questions about Echo real estate

What are property taxes in Echo?

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

Local agents

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More tools for 56237

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 Yellow Medicine County property taxes Yellow Medicine County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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