Is Ghent, MN 56239 a buyer’s or seller’s market?
Ghent 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.
The Ghent housing market right now
In the three months ending August 31, 2026, 0% of homes in Ghent, MN 56239 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 1 sale, these figures can swing a lot from month to month.
Within Lyon County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Balaton 56115 (50% sold over asking) and Garvin 56132 (50% sold over asking) are even more competitive.
Run the numbers for 56239
Nearby markets
Balaton 56115Seller’s market $106 /sq ftCottonwood 56229Seller’s market $103 /sq ftGarvin 56132Buyer’s market $188 /sq ftLynd 56157 — /sq ft Browse all markets →Where Ghent is
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Questions about Ghent real estate
Is Ghent a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Ghent, MN 56239 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 Ghent?
The typical home went under contract in 15 days in the latest three months.
Do homes in Ghent sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Ghent?
About 1.06% of a home’s value a year in Lyon County, or roughly $4,240 on a $400,000 home.
What is the median home price in Ghent?
The median sale price was $574,751 in the three months ending August 31, 2026, about $160 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