Is Belgrade, MN 56312 a buyer’s or seller’s market?
Belgrade is a seller’s market. With about 1.6 months of supply and 25% 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.
The Belgrade housing market right now
In the three months ending August 31, 2026, 25% of homes in Belgrade, MN 56312 sold above their list price, the typical home went under contract in 44 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 0%, homes sold faster (214 days then) and the median sale price fell 7% to $420,818. Overall, Belgrade is more competitive than a year ago, so tougher for buyers.
Within Stearns County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell more often over asking than in 55%.
Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking), while Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.
Run the numbers for 56312
Nearby markets
Albany 56307Seller’s market $179 /sq ftAvon 56310Balanced $180 /sq ftClearwater 55320Seller’s market $188 /sq ftCold Spring 56320Seller’s market $168 /sq ft Browse all markets →Towns like Belgrade nearby
Find towns like Belgrade in other states →Where Belgrade is
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Questions about Belgrade real estate
Is Belgrade a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Belgrade, MN 56312 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 Belgrade?
The typical home went under contract in 44 days in the latest three months.
Do homes in Belgrade sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 101.7% of the list price.
What are property taxes in Belgrade?
About 1.00% of a home’s value a year in Stearns County, or roughly $4,000 on a $400,000 home.
What is the median home price in Belgrade?
The median sale price was $420,818 in the three months ending August 31, 2026, about $177 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