Is Ortonville, MN 56278 a buyer’s or seller’s market?

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

Ortonville is a seller’s market. With about 3.6 months of supply and 11% 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.

Months of supply3.6Under 4 months = seller’s market
Sold above original list11.1%Share of sales, last 3 months
Median sale-to-list92%Sold price ÷ list price
Median days on market99Listing to accepted offer
Median price per sq ft$144▲ +57.4% vs. last year

The Ortonville housing market right now

In the three months ending August 31, 2026, 11% of homes in Ortonville, MN 56278 sold above their list price, the typical home went under contract in 99 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 15%, homes sold more slowly (56 days then) and the median sale price rose 42% to $219,905. Overall, Ortonville is less competitive than a year ago, which gives buyers more room.

Within Big Stone County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 50%.

Nearby, buyers who want less competition could look at Clinton 56225 (0% sold over asking) or Beardsley 56211 (0% sold over asking), while Barry 56210 (100% sold over asking) and Odessa 56276 (100% sold over asking) are even more competitive.

Nearby markets

Barry 56210 $60 /sq ftBeardsley 56211 $40 /sq ftClinton 56225Buyer’s market $180 /sq ftGraceville 56240 — /sq ft Browse all markets →

Where Ortonville is

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Questions about Ortonville real estate

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

A seller’s market: there were 3.6 months of supply in Ortonville, MN 56278 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 Ortonville?

The typical home went under contract in 99 days in the latest three months.

Do homes in Ortonville sell over asking?

11% of homes sold above their original list price, and the typical sale closed at 92.0% of the list price.

What are property taxes in Ortonville?

About 0.87% of a home’s value a year in Big Stone County, or roughly $3,480 on a $400,000 home.

What is the median home price in Ortonville?

The median sale price was $219,905 in the three months ending August 31, 2026, about $144 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