Is Renville, MN 56284 a buyer’s or seller’s market?
Renville is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Renville housing market right now
In the three months ending August 31, 2026, 0% of homes in Renville, MN 56284 sold above their list price, the typical home went under contract in 31 days and there were 4.8 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 2 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 50%, homes sold more slowly (24 days then) and the median sale price fell 7% to $238,897. Overall, Renville is less competitive than a year ago, which gives buyers more room.
Within Renville County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Morton 56270 (50% sold over asking) and Olivia 56277 (33% sold over asking) are even more competitive.
Run the numbers for 56284
Nearby markets
Bird Island 55310Buyer’s market $113 /sq ftBuffalo Lake 55314Seller’s market $243 /sq ftDanube 56230 — /sq ftFairfax 55332Seller’s market $92 /sq ft Browse all markets →Towns like Renville nearby
Find towns like Renville in other states →Where Renville is
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Questions about Renville real estate
Is Renville a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Renville, MN 56284 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 Renville?
The typical home went under contract in 31 days in the latest three months.
Do homes in Renville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Renville?
About 1.04% of a home’s value a year in Renville County, or roughly $4,160 on a $400,000 home.
What is the median home price in Renville?
The median sale price was $238,897 in the three months ending August 31, 2026, about $116 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