Is Cold Spring, MN 56320 a buyer’s or seller’s market?
Cold Spring is a seller’s market. With about 2.3 months of supply and 36% 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 81% of U.S. ZIP codes, and #91 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 Cold Spring housing market right now
In the three months ending August 31, 2026, 36% of homes in Cold Spring, MN 56320 sold above their list price, the typical home went under contract in 16 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (18 days then) and the median sale price held steady to $374,338. Overall, Cold Spring is more competitive than a year ago, so tougher for buyers.
Within Stearns County, homes here sell faster than in 85% of the county’s ZIP codes, and sell more often over asking than in 95%. On our competition score, Cold Spring ranks #91 of 296 MN ZIP codes with enough sales (score 76 out of 100).
Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking).
Run the numbers for 56320
Nearby markets
Albany 56307Seller’s market $179 /sq ftAvon 56310Balanced $180 /sq ftBelgrade 56312Seller’s market $177 /sq ftClearwater 55320Seller’s market $188 /sq ft Browse all markets →Towns like Cold Spring nearby
Find towns like Cold Spring in other states →Where Cold Spring is
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Questions about Cold Spring real estate
Is Cold Spring a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Cold Spring, MN 56320 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 Cold Spring?
The typical home went under contract in 16 days in the latest three months.
Do homes in Cold Spring sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Cold Spring?
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 Cold Spring?
The median sale price was $374,338 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