Is Barrett, MN 56311 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Barrett is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Barrett housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Grant County, MN

Population	666
Median income	$74,583
Average income	$78,319
Median home value	$172,200
Median rent	$1,309/month
Owner-occupied	83% of homes
Median year built	1963

Natural hazard riskWinter storms (very high), hail (relatively high), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56311; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56311

Prefilled for 56311Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56311Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashby 56309Balanced $140 /sq ft Elbow Lake 56531Seller’s market $104 /sq ft Herman 56248Buyer’s market $163 /sq ft Hoffman 56339Seller’s market $171 /sq ft Browse all markets →

Where Barrett is

Loading map…

Questions about Barrett real estate

What are property taxes in Barrett?

About 0.93% of a home’s value a year in Grant County, or roughly $3,720 on a $400,000 home.

Local agents

See all agents in 56311 →

No sponsored agents in 56311 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 56311

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Grant County property taxes Grant County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="56311"><a href="https://offerbacked.com/market/56311">Barrett, MN 56311 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology