Is Alexandria, MN 56308 a buyer’s or seller’s market?
Alexandria is a seller’s market. With about 2.1 months of supply and 31% 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.
More competitive than 73% of U.S. ZIP codes, and #145 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Alexandria housing market right now
In the three months ending August 31, 2026, 31% of homes in Alexandria, MN 56308 sold above their list price, the typical home went under contract in 19 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 157 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold faster (26 days then) and the median sale price rose 14% to $374,838. Overall, Alexandria is more competitive than a year ago, so tougher for buyers.
Within Douglas County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 71%. On our competition score, Alexandria ranks #145 of 296 MN ZIP codes with enough sales (score 69 out of 100).
Nearby, buyers who want less competition could look at Nelson 56355 (0% sold over asking) or Kensington 56343 (0% sold over asking), while Evansville 56326 (33% sold over asking) is even more competitive.
Run the numbers for 56308
Nearby markets
Brandon 56315Seller’s market $246 /sq ftCarlos 56319Seller’s market $228 /sq ftEvansville 56326Seller’s market $231 /sq ftGarfield 56332Buyer’s market $273 /sq ft Browse all markets →Towns like Alexandria nearby
Find towns like Alexandria in other states →Where Alexandria is
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Questions about Alexandria real estate
Is Alexandria a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Alexandria, MN 56308 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 Alexandria?
The typical home went under contract in 19 days in the latest three months.
Do homes in Alexandria sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Alexandria?
About 0.83% of a home’s value a year in Douglas County, or roughly $3,320 on a $400,000 home.
What is the median home price in Alexandria?
The median sale price was $374,838 in the three months ending August 31, 2026, about $194 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