Is Burtrum, MN 56318 a buyer’s or seller’s market?
Burtrum is a seller’s market. With about 2.1 months of supply and 17% 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 Burtrum housing market right now
In the three months ending August 31, 2026, 17% of homes in Burtrum, MN 56318 sold above their list price, the typical home went under contract in 33 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. With only 6 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 (147 days then) and the median sale price fell 54% to $255,389. Overall, Burtrum is more competitive than a year ago, so tougher for buyers.
Within Todd County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Grey Eagle 56336 (0% sold over asking) or Browerville 56438 (9% sold over asking), while Bertha 56437 (33% sold over asking) and Osakis 56360 (30% sold over asking) are even more competitive.
Run the numbers for 56318
Nearby markets
Bertha 56437Balanced $133 /sq ftBrowerville 56438Seller’s market $192 /sq ftClarissa 56440Seller’s market $115 /sq ftEagle Bend 56446Seller’s market $193 /sq ft Browse all markets →Towns like Burtrum nearby
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Questions about Burtrum real estate
Is Burtrum a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Burtrum, MN 56318 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 Burtrum?
The typical home went under contract in 33 days in the latest three months.
Do homes in Burtrum sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 90.4% of the list price.
What are property taxes in Burtrum?
About 0.95% of a home’s value a year in Todd County, or roughly $3,800 on a $400,000 home.
What is the median home price in Burtrum?
The median sale price was $255,389 in the three months ending August 31, 2026, about $168 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