Is Olivia, MN 56277 a buyer’s or seller’s market?

The Olivia housing market right now

In the three months ending August 31, 2026, 33% of homes in Olivia, MN 56277 sold above their list price, the typical home went under contract in 17 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (39 days then) and the median sale price fell 24% to $184,920. Overall, Olivia is more competitive than a year ago, so tougher for buyers.

Within Renville County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 86%.

Nearby, buyers who want less competition could look at Sacred Heart 56285 (0% sold over asking) or Renville 56284 (0% sold over asking), while Morton 56270 (50% sold over asking) is even more competitive.